2101 K St - Office FOR SALE


Sacramento, CA 95816- Midtown Sacramento
$7,900,000 USD
916-505-0524
2101 K St, Sacramento, CA for Sale
$7,900,000 USD
Office - FOR SALE
1/7
null | Request Cap Rate

2101 K St
Sacramento, CA 95816
Midtown Sacramento


HIGHLIGHTS

  • Prime redevelopment opportunity on a spacious site with flexible zoning
  • “Main & Main” location in the heart of Midtown at the NEC of 21st and K Streets
  • Versatile C-2-SPD zoning permits multi-story office, retail, and mixed use with residential up to 85 feet in height
  • One block from the MARRS (Midtown Arts, Retail & Restaurant Scene) Building, the cultural and entertainment hub of the neighborhood.
  • The ±1.04-acre site is improved with a single-story ±25,600 square foot office building suitable for retail or office use.
  • Walking distance to Downtown Commons, Golden 1 Arena, the State Capitol, and countless dining and shopping venues

OVERVIEW

CBRE is pleased to offer for sale a ±25,600 square foot office/retail building on a prime ±1.04-acre parcel in the heart of Sacramento’s Midtown neighborhood. The property is zoned C-2-SPD and is improved with a single-story building with ±18’ barrel truss roofs that create visually exciting space for future office or retail uses. The property is offered at $7,900,000 and represents a tremendous owner/user or redevelopment opportunity in Midtown, a much sought-after neighborhood that has spawned many new residential and mixed-use developments over the last five years. 21st at K is one of Midtown’s busiest intersections with ADT of ±16,200 vehicles. The site is only a few blocks from the Capitol, Downtown Commons, and Golden 1 Center which puts it within walking distance of every major downtown office building, most State office buildings, and many shopping and dining venues. Regional Transit has a bus stop (route 62) at 21st and K and other routes can be accessed on both J and L Streets, only one block away to the north and to the south, respectively. Expressions of interest should be directed to Randy Getz, Executive Vice President, whose contact information can be found in the offering memorandum. All tours will be coordinated by CBRE.

FOR SALE DETAILS

PRICE

$7,900,000 USD

PRICE/SF

$309 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

49

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

C-2-SPD

APN/PARCEL ID

007-0091-007,007-0091-008,007-0091-009,007-0091-010

ASK ABOUT THIS PROPERTY

Randy GetzCBRE, Inc.More Info
916-505-0524

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Randy GetzCBRE, Inc.More Info
916-505-0524

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