3500 El Camino AveSacramento, CA 95821

Property Details for 3500 El Camino Ave

Year built

1961

Construction

TILT-UP CONCRETE

Lot size

10.14 AC

Property size (Sq ft)

167,354 SF

Zone code

SC

Property type

Retail properties

Property subtype

Community centers

APN

281-0011-046-0000

APU

28100110460000

Description

This exceptional retail opportunity presents a substantial 156,000-square-foot former Macy's building in Sacramento, California. Located at 3500 El Camino Ave, at the corner of Watt Avenue, this single-tenant property sits on a generous 9.67-acre parcel within the Country Club Plaza Mall. The four-story building, constructed in 1961, offers ample space for a variety of retail uses. The property boasts 669 parking spaces, ensuring convenient access for customers. Its strategic location provides excellent visibility and accessibility, situated near major businesses including WinCo, Cinema West, Wells Fargo, and Rebounderz. The surrounding area is a well-established and desirable retail hub, benefiting from a strong customer base and high traffic volume. The property is zoned SC (Shopping Center) within Sacramento County (95821). This is a rare chance to acquire a significant retail space in a prime Sacramento location. The entire building is currently vacant, presenting a blank canvas for a new tenant or a redevelopment opportunity. The substantial size and prominent location make this property an ideal investment for a large-scale retailer or a developer seeking a high-impact project. The ample parking and convenient access further enhance its appeal. This is a unique opportunity to acquire a landmark property in a thriving retail corridor.

• CAP approach

  CAP return

  Valuation

  6%

  $32,572,982

  6.5%

  $30,067,368

  7%

  $27,919,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $60,214,908

  Geo Method

  $60,214,908

• Alternative Use

  Use

  Valuation

  Residential

  $25,362,950

  Hospitality

  $23,232,326

  Educational

  $19,329,022

  Medical

  $19,993,778

  Retail

  $30,067,368

Location Insight

City

Sacramento

County

Sacramento

State

California

Latitude

38.6096

Longitude

-121.381

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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