17
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$2,250,000
Est. payment /mo
0.34 Acres Lot
New
6531 Folsom BLVD Sacramento, CA 95819
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Key Details
Property Type Commercial
Sub Type Warehouse
Listing Status Active
Purchase Type For Sale
MLS Listing ID 225143826
HOA Y/N No
Year Built 1966
Lot Size 0.344 Acres
Acres 0.3444
Property Sub-Type Warehouse
Source MLS Metrolist
Property Description
Rare covered land play opportunity in East Sacramento near CSU Sacramento. NNN leased commercial building with fully-entitled development project of 56 units or 66 student housing beds. Attractive income-producing retail/warehouse until redevelopment of the property. High-quality urban infill site on +/-.34 acres. Project is 6-story mixed use building with mix of 2-bed, 1-bed, studio apartments. Flexibility to be operated as either market-rate multifamily or student housing. Existing building is approx 4,960 SF 100% leased to single tenant, Jet Black Tint, on long-term NNN lease with ability for owner to terminate lease early, demolish the building, and start construction on apartments. Building consists of approx 1,800 SF showroom/office and 3,160 SF warehouse with roll-up door. Building features large glass window line, exposed trusses, corner visibility with monument signage, 14 parking stalls in an area with heavily-constrained parking availability. 6531 Folsom Blvd provides a developer an opportunity to acquire one of the most desirable sites available today walking distance to Sac State, retail, light rail, parks, grocery stores - with in-place cash flow until groundbreaking!
Location
State CA
County Sacramento
Area 10819
Direction 65th to Folsom Bovd
Location Details Freeway Nearby,Light Rail Nearby
Interior
Heating Central, Varies by Unit
Cooling Central, Varies by Unit
Flooring Concrete, Linoleum
Exterior
Parking Features Open, Commercial Vehicle Allowed, Private, Street, Uncovered, Garage
Utilities Available Varies by Unit
Water Access Desc Public
Roof Type Composition,See Remarks
Building
Story 1
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 008-0383-025-0000
Special Listing Condition None
Lease Land No
Listed by CBRE Inc.
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