Newmark, as the exclusive advisor, is pleased to present for sale 4330 24th Street, a mixed-use office/art studio building in Sacramento, California. Constructed in 1962, this pre-cast (tilt-up concrete) building is comprised of roughly 8,182 SF on 2 levels, and is currently occupied by a multitude of art/music studios and… Read More small office users. This property is 100% occupied by long term tenants on short term leases. Acquisition cap rate is 8.75%. With in-place income, this buildings size and location present many adaptive re-use options within an urban neighborhood reflecting the changes of demographics and perceptions. Located on 24th Street, just south of Sacramento City College, 4330 is in close proximity to many retail amenities including, but not limited to: Crocker Village, Chipotle, City Sports Club, Panama Pottery, Fountainhead Brewing Company, Lalos Restaurant, Sutterville Bicycle Company, Raleys, and Land Park Ski & Sports. 4311 Attawa Avenue is also for sale and can be purchased separately or together. These buildings back up to each other. Priced at $1,800,000. Read Less
Courtesy of Cornish & Carey Commercial, Kelly Rivett 916-569-2385
Listing Snapshot
Days Online
1
Last Updated
Property Type
Commercial Property
Square Ft.
8,182
Lot Size
0.14 Acres
Year Built
1962
MLS Number
ML82021698
30 Days Snapshot Of 95822
$415k
0%
(avg) sold price
54
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 6173.00, Max Area Units: Square Feet, 0 yard square feet, Lot is 0.14171258034894 acres
Accessibility Features
Parking
Building
8,182 structure square feet, 6,211 net leasable square feet, 0 warehouse square feet, Built in 1962, 1 building, Age: 63, 12 minimum units in complex, Business type: Commercial, Leased Investment, Other
Cooling
Central AC, Window / Wall Unit, Other
Foundation
Concrete Slab
Garage
Common Parking Area, Guest / Visitor Parking, Off-Street Parking
Water Features
Public
Heating
Central Forced Air, Wall Furnace, Other
Interior Features
Minimum ceiling height: 8
Tenant Pays
Rent Only
Miscellaneous
Business name: 4330 24th Street, 12 tenants, Total expenses: 25700
Parking
4 parking spaces
Property
Zoning: C-4
Roof
Elastomeric
Security Features
Controlled / Secured Access
Taxes
Annual tax amount: $7,700
Utilities
Master Meter, Public Utilities, Master Electric, Master Gas, Master Water
Sewer
Sewer - Public
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