4330 24th ST new Save Request In-Person Tour Request Virtual Tour
Sacramento,CA 95822
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82021698
Year Built 1962
Annual Tax Amount $7,700
Lot Size 6,172 Sqft
Property Description
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 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.
Location
State CA
County Sacramento
Area 699 - Not Defined
Zoning C-4
Interior
Heating Central,Wall Furnace
Cooling Central Air,Wall/Window Unit(s)
Exterior
Roof Type Elastomeric
Building
Story 2
Water Public