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Vacant-User

Capital City Spa & Service | For Sale

6531 Folsom Blvd, Sacramento, CA 95819

Listing Price: $1,695,000

Cap Rate
6.00%
Gross SF
4,960
Rentable SF
4,960
Price/Gross SF
$341.73
Lot Size
0.34 acres
Year Built
1966

Investment Overview

Marcus & Millichap is pleased to exclusively present a 0.34 acre / ± 15,000 square foot site prime for mixed-use redevelopment or an owner/user opportunity in Sacramento, California. The property is located in the Folsom Boulevard West Special Planning District within walking distance to Sacramento State University. The property is surrounded in one of the most active redevelopment markets in Sacramento with over ±1,375 units of newly constructed student apartments completed and another ±2,845 apartment units proposed and under construction. The property is located one block away from the highway 50 on ramp. The 65th Street Light Rail Station is located within walking distance that services Folsom to Downtown Sacramento. The Zoning allows for redevelopment and the use of many business that can serve the surrounding population. From multi-unit retail and apartments, residential hotels, child care services, fitness uses, restaurants, retail stores, bars and nightclubs, and alcoholic beverage sales. Buyer to confirm their use is compliant with the City of Sacramento Zoning Department. The property has four separate electrical and gas meters plumbed to the property and the property could be demised into four small retail units. A recent Phase I was completed and clear on the property and zoned for 45 feet of vertical construction mixed use.

Investment Highlights

  • Heavy Demographics, Redevelopment or Owner/User Opportunity, Single or Multi-Tenant, Freeway Proximity, Many Amenities Nearby
  • Surrounded by Newly Constructed Development of Apartments and Student Housing
  • Building can be Demised into Three ±1,000 SF Units and One ±1,800 SF Unit. Gas and Electric Utilities are set up for Four Units
  • Seller Willing to Lease Back the Space for a Year Term while Buyers go through Permitting Process
  • New and Proposed Development: SMUD Yard Redevelopment - Proposed 770 units Wexter - Under Construction - 275 units Academy 56 - Completed 2019 - 275 beds Elvas Avenue Apartments - Proposed - 60 units Opus at Folsom and Elvas - Proposed - 372 Beds Q Street Commons - Proposed - 424 beds Home2 Suites by Hilton -Under Construction - 107 rooms The Retreat at Sacramento - Proposed - 736 beds Hornet Commons - 2021 completion - 1,100 beds 7700 College Town Drive - Proposed - 101 units

Exclusively Listed By

Vacant-User

Capital City Spa & Service | For Sale

Listing Price: $1,695,000

Cap Rate
6.00%
Gross SF
4,960
Rentable SF
4,960
Price/Gross SF
$341.73
Lot Size
0.34 acres
Year Built
1966

Investment Highlights

  • Heavy Demographics, Redevelopment or Owner/User Opportunity, Single or Multi-Tenant, Freeway Proximity, Many Amenities Nearby
  • Surrounded by Newly Constructed Development of Apartments and Student Housing
  • Building can be Demised into Three ±1,000 SF Units and One ±1,800 SF Unit. Gas and Electric Utilities are set up for Four Units
  • Seller Willing to Lease Back the Space for a Year Term while Buyers go through Permitting Process
  • New and Proposed Development: SMUD Yard Redevelopment - Proposed 770 units Wexter - Under Construction - 275 units Academy 56 - Completed 2019 - 275 beds Elvas Avenue Apartments - Proposed - 60 units Opus at Folsom and Elvas - Proposed - 372 Beds Q Street Commons - Proposed - 424 beds Home2 Suites by Hilton -Under Construction - 107 rooms The Retreat at Sacramento - Proposed - 736 beds Hornet Commons - 2021 completion - 1,100 beds 7700 College Town Drive - Proposed - 101 units

Investment Overview

Marcus & Millichap is pleased to exclusively present a 0.34 acre / ± 15,000 square foot site prime for mixed-use redevelopment or an owner/user opportunity in Sacramento, California. The property is located in the Folsom Boulevard West Special Planning District within walking distance to Sacramento State University. The property is surrounded in one of the most active redevelopment markets in Sacramento with over ±1,375 units of newly constructed student apartments completed and another ±2,845 apartment units proposed and under construction. The property is located one block away from the highway 50 on ramp. The 65th Street Light Rail Station is located within walking distance that services Folsom to Downtown Sacramento. The Zoning allows for redevelopment and the use of many business that can serve the surrounding population. From multi-unit retail and apartments, residential hotels, child care services, fitness uses, restaurants, retail stores, bars and nightclubs, and alcoholic beverage sales. Buyer to confirm their use is compliant with the City of Sacramento Zoning Department. The property has four separate electrical and gas meters plumbed to the property and the property could be demised into four small retail units. A recent Phase I was completed and clear on the property and zoned for 45 feet of vertical construction mixed use.

Exclusively Listed By

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