Seller may carry a 1st Mtg! An investor/user opportunity to acquire 1700 V Street, a 2-story mixed-use building located in downtown Sacramento, California. This building is located on the Southeast corner of 17th and V Street, and is comprised of a convenience store ( Nick's Market) and 3 apartment units. NIck's Market, a longtime cornerstone market, occupies the ground floor commercial space and is approximately 1,390 square feet. This lease expires in January 2027, with no options to renew. This allows a user opportunity to operate the c-store or lease to a market operator at twice the amount at current rate. Three apartment units occupy the remaining space within the building, with one studio unit on the ground floor, and two- 2/1 bath apartment flats on the second story. The studio is approximately 400 square feet, and is occupied by a long term month-month tenant paying 50% under market, presenting immediate income upside. Upstairs, there are two- 2 bedroom/ 1 bath apartment flats that were beautifully renovated in 2024. Building/unit renovations include but not limited to: new exterior paint, new central heat/air, dual pane windows, refer, stove, faucets, lighting, luxury vinyl plank flooring, interior paint, toilet, hardware, doors, etc. The building is 100% occupied.
MLS #
ML81972961
MLS Source
MLSListings, Inc.
# Buildings / # Units
1 / 4
Parking Spaces
2
Present Use
Commercial, Multi-Family
Utilities
Public Utilities, Water - Public
Flooring
Vinyl/Linoleum
Cooling
Central Forced Air
Heating
Central Forced Air
Roof
Composition
Foundation
Slab
Sewer
Public Sewer
Water
Public
Zoning
R-3A
# Buildings | # Leased Units | # Total Units |
---|---|---|
1 | – | 4 |
1700 V St is a Commercial Sale in Sacramento, CA 95818. This 3,593 square foot property sits on a 3,327 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,050,000 and was built in 1900.
This address can also be written as 1700 V St, Sacramento, CA 95818.©2024 MLSListings Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MLSListings Inc.
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This listing information is up-to-date as of November 05, 2024. For the most current information, please contact Kelly Rivett, (916) 569-2385