1903 21st St - Office/Residential FOR SALE


Sacramento, CA 95811- Newton Booth
$1,300,000 USD
916-710-0753
1903 21st St, Sacramento, CA for Sale
$1,300,000 USD
Office/Residential - FOR SALE
1/19
null | Request Cap Rate

1903 21st St
Sacramento, CA 95811
Newton Booth


HIGHLIGHTS

  • Prominent historic office building in Midtown
  • Owner-user Opportunity
  • Approximately 4,200 square feet across three floors
  • Visibility to 12,000 cars per day along 21st Street
  • Lease-to-own purchase structure is available

OVERVIEW

Turton Commercial is pleased to present the opportunity to acquire fee simple interest 1903 21st Street, Sacramento (the “Property”). The Property is a stately and historical “Queen Anne Victorian” building located at the corner of 21st and S Streets in Midtown. While originally constructed as a single-family residence and used as such for nearly a century, the Property was converted to a commercial office building in the 1980s. Since that time, the Property has been predominantly used as a law office. The Property has been meticulously maintained since its construction in 1897 and still features many of the period-specific details and design aesthetic of that period. The Property is being offered for lease and sale as an owner-user user opportunity. The Property can be delivered completely vacant and ready for the buyer to occupy shortly following closing. However, the Property can also function as an investment as there are four tenants on month-to-month leases that would likely remain in the building after closing. Further, the underlying commercial zoning permits by right single and multi-family residential uses in the building; therefore, the City of Sacramento would likely support converting the Property back to a residential use. The Property currently features 9 large executive offices across three floors as well as a large conference room, open workspace, three bathrooms (including one full bathroom with shower) and a kitchen. The Property benefits from 8 on-site parking stalls including one ADA stall, with a path of travel directly to the ground floor. The Property also has an ADA lift from the public sidewalk leading to the ground floor entrance.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$310 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Law Offices

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1898

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,178 SF

ZONING

C2, Sacramento

APN/PARCEL ID

010-0032-003

ASK ABOUT THIS PROPERTY

Jon LangTurton Commercial Real EstateMore Info
916-710-0753

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Jon LangTurton Commercial Real EstateMore Info
916-710-0753

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