Homes for sale - 6531 Folsom BLVD, Sacramento, CA 95819

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GUIDE Real Estate

office@guiderealestate.com +1(916) 270-6454

$ 2,250,000

Est. payment | -/mo

0.34 Acres Lot

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$ 2,250,000

Est. payment | -/mo

Save

0.34 Acres Lot

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

Listed by CBRE Inc.

+1(916) 270-6454

office@guiderealestate.com

6531 Folsom BLVD Sacramento, CA 95819