Try Advanced Home Search

Hometuity Connects Directly To The MLS and Updates Every 5 Minutes

Property Description

An investor/user opportunity to acquire 1700 V Street, a 2-story mixed-use building located in downtown Sacramento, California. This building is located on the Southeast corner of 17th and V Street, and is comprised of a convenience store ( Nick’s Market) and 3 apartment units. NIck’s Market, a longtime cornerstone market, occupies the ground floor commercial space and is approximately 1,390 square feet. This lease expires in January 2027, with no options to renew. This allows a user opportunity to operate the c-store or lease to a market operator at twice the amount at current rate. Three apartment units occupy the remaining space within the building, with one studio unit on the ground floor, and two- 2/1 bath apartment flats on the second story. The studio is approximately 400 square feet, and is occupied by a long term month-month tenant paying 50% under market, presenting immediate income upside. Upstairs, there are two- 2 bedroom/ 1 bath apartment flats that were beautifully renovated in 2024. Building/unit renovations include but not limited to: new exterior paint, new central heat/air, dual pane windows, refer, stove, faucets, lighting, luxury vinyl plank flooring, interior paint, toilet, hardware, doors, etc. The building is 100% occupied.

Features
: Central
2
Additional Information
Cornish & Carey Commercial
0
ML5070313
ML33684
Kelly
00902150260000

Commercial Sale For Sale

1700 V Street, Sacramento, California 95818

3,593 Sqft
$1,150,000
Listing ID #ML81972961
Basic Details
Status : Active
DaysOnMarket : 1
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : ML81972961
Price : $1,150,000
Living Area : 3,593 Sqft
Year Built : 1900
Country : US
State : California
County : Sacramento
City : Sacramento
Zipcode : 95818
Price Per Square Foot : $320
ModificationTimestamp : 2024-07-12 13:07:52
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent