1721 Del Paso BlvdSacramento, CA 95815
- Retail properties
- 6,800 SF
Property Details for 1721 Del Paso Blvd
- Year built
- 1930
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.17 AC
- Property size (Sq ft)
- 6,800 SF
- Zone code
- C-2-SPD
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 275-0091-011-0000
- APU
- 27500910110000
Description
This exceptional 6,800 square foot commercial property, situated at 1721 Del Paso Boulevard in Sacramento, California, presents a unique investment opportunity. Located just minutes from downtown Sacramento within a designated Opportunity Zone, this property offers significant tax advantages and access to city incentives. These incentives include potential coverage of up to 50% of remodel costs for qualifying projects, making it an attractive proposition for adaptive reuse. The building boasts a rich history, having previously served as a restaurant, bowling alley, and piano store, demonstrating its adaptability to a wide range of commercial uses. Its spacious layout is well-suited for various ventures, including restaurants, breweries, retail establishments, or mixed-use developments. The property sits on a 0.17-acre lot, and an adjacent vacant lot is also available for purchase, providing potential for expansion and increased square footage. This prime location benefits from its proximity to Sacramento's growing downtown area, ensuring increased foot traffic and exposure to the city's ongoing development initiatives. The asking price for this versatile commercial property is $549,995. This is a rare chance to acquire a substantial property in a thriving urban area with significant potential for growth and return on investment. Don't miss this opportunity to capitalize on the benefits of an Opportunity Zone and Sacramento's dynamic commercial landscape.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,660,903
- 6.5%
- $1,533,141
- 7%
- $1,423,631
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,446,678
- Geo Method
- $2,446,678
-
Alternative Use
- Use
- Valuation
- Residential
- $1,293,262
- Hospitality
- $1,184,621
- Educational
- $985,591
- Medical
- $1,019,487
- Retail
- $1,533,141
Location Insight
- City
- Sacramento
- County
- Sacramento
- State
- California
- Latitude
- 38.6082
- Longitude
- -121.456
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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