2901 K StSacramento, CA 95816

Property Details for 2901 K St

Year built

1988

Construction

TILT-UP CONCRETE

Lot size

2.50 AC

Property size (Sq ft)

86,030 SF

Zone code

TC-SPD

Property type

Investment properties

Property subtype

Retail residential properties

APN

007-0117-001-0000

APU

701170010000

Description

This exceptional Class B office building, located at 2901 K Street in Sacramento, CA 95816, offers a unique investment opportunity. The property boasts 86,030 square feet of space across four stories, situated on a generous 2.5-acre lot. Built in 1988, the single building features ample parking with 315 spaces and convenient elevator access. Currently configured for multiple tenancies, this property presents a versatile option for various business needs. Available suites range from 984 to 6,026 square feet, catering to a variety of occupancy requirements. The building's zoning is TC-SPD, and its APN is 007-0117-001-0000. The property is conveniently located near the intersection of K Street and 29th Street in Sacramento. The building's diverse configuration includes executive office spaces, along with restaurant and food service areas. A 3D tour is available online. This is an excellent opportunity to acquire a well-located, established commercial property in a thriving Sacramento market. The property's size and flexible layout provide significant potential for future growth and development. The ample parking and convenient location add to its overall appeal. This is a rare opportunity to secure a substantial commercial property in a desirable area of Sacramento.

• CAP approach

  CAP return

  Valuation

  6%

  $30,254,980

  6.5%

  $27,927,674

  7%

  $25,932,840

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,039,214

  Geo Method

  $19,039,214

• Alternative Use

  Use

  Valuation

  Residential

  $27,927,674

  Hospitality

  $25,581,600

  Educational

  $21,283,590

  Medical

  $22,015,566

  Retail

  $33,107,808

Location Insight

City

Sacramento

County

Sacramento

State

California

Latitude

38.5728

Longitude

-121.467

CBSA code

40900

CBSA name

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

Property Tax & Assessments

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