Sacramento, CA 95814,918 J ST

$1,175,000

$1,300,000

9.6%
Est.Price: ?

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Est. payment /mo

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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California Regional MLS (CRMLS)
Listed by Kelly Rivett • Cornish & Carey Commercial
Bought with Kelly Rivett • Cornish & Carey Commercial
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