714 14th Street

    Sacramento, CA 95814
    • $335,000
    • STATUS: Active
    • ON SITE: 41 days
    • MLS #: 19007235
    UPDATED: 18 min ago
    $335,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Vacant Land / Lots
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Rare Downtown Parking Lot for Sale! Lucrative parking income potential with urban infill opportunity in Downtown Sacramento Central Business District. Property is a paved, striped parking lot with 16 tandem parking stalls with alley access. Parking rates in the area: $125-$150 per stall per month. Pro Forma NOI: $21,175. Pro Forma Cap Rate: 6.3 pct. Property is approx. 2,800 sq ft of land, 70 ft by 40 ft, centrally located with proximity to Sacramento Convention Center Complex, Theatre District, K Street, State Capitol, City Hall, County Courthouse. Zoned C-2 General Commercial. Parking is a premium luxury in Downtown Sac. Property provides several options to increase cash flow and enhance the value of the asset. Lot configuration offers possible future infill development of residential units, single family residences, townhomes, and/or duplex apartment & parking.

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    © 2019 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2019-03-19T19:39:01.987. MetroList® MLS Terms of Use. IDX provided by BoomTown.
    www.thedelrealgroup.com/homes/91582887

    714 14th Street Sacramento, CA 95814

    • Price: $335,000
    • Status: Active
    • Updated: 18 min ago
    • MLS #: 19007235
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    Neighborhood:
    Sacramento Downtown/Midtown
    County:
    Sacramento
    Area:
    Sacramento Downtown/Midtown
    Elementary School:
    Sacramento Unified
    Middle School:
    Sacramento Unified
    High School:
    Sacramento Unified
    School District:
    Sacramento
    Property Description
    Rare Downtown Parking Lot for Sale! Lucrative parking income potential with urban infill opportunity in Downtown Sacramento Central Business District. Property is a paved, striped parking lot with 16 tandem parking stalls with alley access. Parking rates in the area: $125-$150 per stall per month. Pro Forma NOI: $21,175. Pro Forma Cap Rate: 6.3 pct. Property is approx. 2,800 sq ft of land, 70 ft by 40 ft, centrally located with proximity to Sacramento Convention Center Complex, Theatre District, K Street, State Capitol, City Hall, County Courthouse. Zoned C-2 General Commercial. Parking is a premium luxury in Downtown Sac. Property provides several options to increase cash flow and enhance the value of the asset. Lot configuration offers possible future infill development of residential units, single family residences, townhomes, and/or duplex apartment & parking.
    Exterior Features

    Addl Living Unit No Approx Elevation 0 Crops Other-Rmks Improvements FencedPaved Irrigation Other-Rmks Outbuildings None Primary Residence None Road Frontage Public Maintained Rd Road Surface Paved Topography Lot Regular Vegetation Other-Rmks

    Property Features

    CCRs No Cross Street Address G Current Use CommercialOther-Rmks Development Status Other-Rmks Equipment Included Other-Rmks HOA No Hoa Dues 0 Income Other-Rmks Land Type Commercial Lot Min Bldg Sq Ft 0 Probable Use CommercialMulti-ResidentialSingle Family Sewer Other-Rmks Site Location Other-Rmks Special Conditions Other-Rmks Special Listing Condition None Utilities Other-Rmks Water Other-Rmks Zoning C-2 Zoning Description Business/ProfessnlComm'l/Prof/OfficeMulti-ResidentialResidential

    Listing provided courtesy of Ken Turton, Broker. Listing information © 2019 MetroList Services, Inc.


    © 2019 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2019-03-19T19:39:01.987. MetroList® MLS Terms of Use. IDX provided by BoomTown.
     
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