1823 14th St - Office FOR SALE


Sacramento, CA 95811
$4,500,000 USD
916-612-5314
1823 14th St, Sacramento, CA for Sale
$4,500,000 USD
Office - FOR SALE
1/23
null | Request Cap Rate

1823 14th St
Sacramento, CA 95811


HIGHLIGHTS

  • FOR SALE: Offered at $4,500,000 or $143 per SF, this property represents a compelling opportunity for an owner-user or investor
  • FOR LEASE: The entire office building is available for lease at just $1.00 per square foot, NNN
  • DEVELOPMENT OPPORTUNITY: RMX-SPD zoning that allows up to an 8:1 Floor Area Ratio (FAR), the site allows for up to 153,600 square feet of development
  • EXCELLENT LOCATION: Sacramento's R Street Corridor surrounded by cafes, restaurants, multifamily developments

OVERVIEW

Discover the endless possibilities of 1823 14th Street, a versatile and strategically located property in the heart of Sacramento's thriving R Street Corridor. This two-story, 31,266 SF office building sits on a 19,200 SF parcel, offering multiple pathways for investors, owner/users, developers, and tenants to create value. - FOR LEASE: The entire office building is available for lease at just $1.00 per square foot, NNN. With its generous size and flexible layout, the property is ideally suited for professional, creative, or collaborative office use. - DEVELOPMENT OPPORTUNITY: With RMX-SPD zoning that allows up to an 8:1 Floor Area Ratio (FAR), the site allows for up to 153,600 square feet of development. Imagine transforming this property into a mixed-use destination that aligns with the growing demand for urban living, retail, and office spaces in Downtown Sacramento. Location: Situated in Sacramento’s premier creative and cultural district, 1823 14th Street benefits from an unparalleled location: - Proximity to the Ice Blocks: Just two blocks from the Ice Blocks, one of Sacramento’s most vibrant mixed-use developments, featuring trendy dining, boutique shopping, and dynamic workspaces. - Urban Amenities at Your Doorstep: Walking distance to an array of Sacramento’s best restaurants, coffee shops, fitness studios, and entertainment venues. - Excellent Accessibility: Close to major transit lines, bike-friendly streets, and freeway access, making it convenient for employees, residents, and visitors. The property’s generous zoning and 19,200 SF parcel provide a unique opportunity to reimagine the space with new construction. Developers can capitalize on the increasing demand for urban residential units, boutique office spaces, and experiential retail concepts. - Mixed-Use Potential: Combine retail, office, and residential spaces to create a lively urban hub. - Residential Development: Perfectly positioned for market-rate or affordable multifamily housing projects. - Creative Redevelopment: Ideal for innovative uses such as coworking hubs, boutique hotels, or creative office campuses. Why 1823 14th Street? This property offers the best of all worlds: immediate income potential, a strategic location with high visibility and access, and a blank canvas for long-term development. Whether you're seeking a stabilized asset, a centrally located office building, or a large-scale development opportunity, this property checks every box.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$144 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

72

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

RMX-SPD

APN/PARCEL ID

009-0085-025,009-0085-027

ASK ABOUT THIS PROPERTY

Scott KingstonTurton Commercial Real EstateMore Info
916-612-5314

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Scott KingstonTurton Commercial Real EstateMore Info
916-612-5314

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.