1700 V Street,Sacramento, CA 95818
Sacramento, CA 95818
Description
Seller may carry a 1st MTG! An investor/user opportunity to acquire 1700 V Street, 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 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 comprised of approximately1,390 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 an market operator at twice the amount of current rate. Three apartment units occupy the remaining space within the building, with one studio unit on the ground floor, and two-2/1 apartment flats on the second story. The studio is approximately 400 square feet, and is occupied by a long term month-to-month tenant paying 50% under market, presenting immediate income upside. Upstairs, there are are two/2bed/1bath apartment flats that were beatifically remodeled in 2024. Building/unit renovations include but are not limited to: New exterior paint, new central heat/air, dual pane windows, refer, stove, faucets, lighting, luxury plank flooring, interior paint, toilet, hardware, doors, etc. The building is 100% occupied.
Details
| MLS # | ML81972984 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1900 |
| Days On Site | 777 |
| Listing Provided By | Cornish & Carey Commercial | Kelly Rivett |
Features
| SQ Feet | 3,593 |
|---|---|
| Garage | 1 |
| Story(s) | 2 |
| Zoning | R-3A |
| Acreage | 0.08 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Gas Cooktop, Microwave |
Exterior
| Roof | Composition |
|---|---|
| Security Features | Security Lights |
| Foundation Details | Slab |
Parking
| Parking Features | Off Street |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Property | 11550 |
|---|
Area Information
| State | CA |
|---|---|
| County | Sacramento |
| City | Sacramento |
| Zip Code | 95818 |
| Area | 699 Not Defined |
| Listing VS Median (in 95818) | |
Price: $1,050,000 low | high Med: $1,050,000 sqft: 3,593 low | high Med: 3,593 $ / sqft: $292 low | high Med: $292 On site: 777 low | high Med: 777 | |
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Learn More About This Property
| State | CA |
|---|---|
| County | Sacramento |
| City | Sacramento |
| Zip Code | 95818 |
| Area | 699 Not Defined |
| Listing VS Median (in 95818) | |
Price: $1,050,000 low | high Med: $1,050,000 sqft: 3,593 low | high Med: 3,593 $ / sqft: $292 low | high Med: $292 On site: 777 low | high Med: 777 | |