$1,175,000
$1,300,000
9.6%For more information regarding the value of a property, please contact us for a free consultation.
18,400 SqFt
SOLD DATE : 12/05/2023
Key Details
Sold Price $1,175,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 18,400 sqft
Price per Sqft $63
MLS Listing ID ML81932478
Sold Date 12/05/23
HOA Y/N No
Year Built 1890
Annual Tax Amount $20,100
Lot Size 6,398 Sqft
Acres 0.1469
Property Description
Price reduced, seller motivated! Newmark, as the exclusive advisor, is pleased to present for sale 918 J Street, a prime infill redevelopment opportunity in Downtown Sacramento. Constructed in 1920 on a 40X160 parcel, the existing building is vacant and comprised of 18,400-sf on 2 levels above a lower level basement. This building, size, and location present many adaptive re-use options for an urban neighborhood reflecting the changing demographics and perceptions of urban living. The building is priced to sell far below replacement cost and has been completely demolished internally to shell condition. Located on bustling J Street between 9th and 10th Street, next to the Citizen Hotel and across the street from Cesar Chavez Park and City Hall.
Location
State CA
County Sacramento
Area 699 - Not Defined
Zoning C-3-SP
Interior
Cooling None
Fireplace No
Exterior
Roof Type Elastomeric
Present Use Commercial
Building
Water Public
Others
Tax ID 00601010100000
Financing Seller Financing
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Bought with Kelly Rivett • Cornish & Carey Commercial
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "