860-870 Riske Ln - Warehouse FOR SALE


West Sacramento, CA 95691
$4,950,000 USD
916-549-9691
860-870 Riske Ln, West Sacramento, CA for Sale
$4,950,000 USD
Warehouse - FOR SALE
1/16
null | Request Cap Rate

860-870 Riske Ln
West Sacramento, CA 95691


HIGHLIGHTS

  • Immediate Interstate-80, Highway 50 and Interstate-5 access

OVERVIEW

“West Sacramento’s Most Exciting Residential and Commercial Development Opportunity” 860-870 Riske Lane is a well-located property in the heart of The Bridge District of West Sacramento, CA. The future development of the property will be Mixed-Use Commercial/Residential, Office or Medical. The Bridge District is located within a qualified Opporunity Zone. The current operation of the Sacramento Stucco Co. has been located there for many decades predating the installation of The Bridge District’s specific plan, which is West Sacramento’s attempt to revitalize and utilize its waterfront real estate. The property in total is 2.87 acres consisting of two parcels (1.16 AC & 1.71 AC). The property is located at the northwest corner of 5th and Bridge Street with an off-ramp directly adjacent to the property from Highway 50/Business-80. It is located to the north of the highway and to the south of the Tower Bridge which connects Downtown Sacramento to West Sacramento. It is also about 0.25mi south of Raley Field, home to the Rivercats minor league baseball team. Immediately east of the property are multiple new residential developments consisting of townhomes and apartments, built by Fulcrum Development, and also The Barn-a multi-use event center with a tap room and restaurant. The property’s strengths include its prominent location within The Bridge District, its future zoning as Waterfront Commercial and the fact that the City of West Sacramento is excited and encouraging mixed-use, high-density development in this area. The City of West Sacramento is a friendly and resourceful municipality to work with that encourages development and streamlines the process for developers.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$69 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

2

DRIVE INS

3

PARKING SPACES

18

LAND DETAILS

LAND ACRES

2.89

LAND SF

125,888

ZONING

WF

APN/PARCEL ID

058-310-018-000,058-310-019-000

ASK ABOUT THIS PROPERTY

Kevin SheehanKidder MathewsMore Info
916-549-9691

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Kevin SheehanKidder MathewsMore Info
916-549-9691

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