For Sale
$895,000

515 Michigan Blvd West Sacramento, CA 95691

Versatile Office Space, Great Investment

Overview

Added:
Dec 11, 2024
Days on market:
136
This West Sacramento office building at 515 Michigan Blvd presents a compelling owner-user or investment opportunity. The 3,904 square foot, two-story building, constructed in 1986, sits on a 12,798 square foot lot and is zoned R-4. Currently vacant, the property offers a functional layout ideal for various uses, including creative, medical, or traditional office spaces. The first floor features six offices and two bathrooms, while the second floor includes five offices, two bathrooms, and a large meeting room. Ample parking is provided with 17 dedicated spaces. The building is handicap accessible, enhancing its appeal and usability. The asking price is $895,000 ($229.25/sq ft), projecting a pro-forma cap rate of 10.47% and a pro-forma NOI of $93,696. This property offers a blend of functionality, accessibility, and investment potential in a desirable West Sacramento location (95691). The building's versatile design caters to a wide range of professional needs, making it an attractive option for both established businesses and investors seeking a strong return. Its convenient location and ample parking further enhance its desirability. This is a rare opportunity to acquire a well-maintained, adaptable property in a thriving area.

Highlights

  • Great owner-user or investment opportunity in West Sacramento.
  • Handicap accessible.
  • 17 ample parking spaces.
  • Versatile property suitable for various users, including medical and traditional office spaces; strong investment potential with a projected 10.47% cap rate and $93,696 NOI.

Property Details for 515 Michigan Blvd

Property type
Office properties, Medical offices
Square Feet
3,904 SF
Year Built
1986
Buildings
1
Stories
2

Location Insight

City
West Sacramento
County
Yolo
State
California
Latitude
38.583019791731
Longitude
-121.52684681092

FAQs

What type of property is this?
Office property - Versatile Office Space, Great Investment
Where is the office property located?
The property is located at 515 Michigan Blvd West Sacramento, CA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Great owner-user or investment opportunity in West Sacramento.; Handicap accessible.; 17 ample parking spaces.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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515 Michigan Blvd
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