3308 Martin Luther King Jr BlvdSacramento, CA 95817

  • Retail properties
  • 2,600 SF
For Sale
$1,220,000 View listing

Property Details for 3308 Martin Luther King Jr Blvd

Year built
1951
Construction
TILT-UP CONCRETE
Lot size
0.11 AC
Property size (Sq ft)
2,600 SF
Zone code
C-1
Property type
Retail properties
Property subtype
Retail space
APN
013-0354-012-0000
APU
1303540120000

Description

This exceptional investment opportunity presents a multi-tenant retail building ideally situated at 3308-3324 Martin Luther King Jr Boulevard in Sacramento, California, 95817. The property, categorized as a storefront retail space, is offered at an asking price of $1,220,000. This strategically located building provides significant potential for investors seeking a strong foothold in a vibrant Sacramento market. The property's multi-tenant configuration offers diversified income streams and inherent resilience. The exact square footage and tenant occupancy details are available upon request. The address is easily accessible, boasting high visibility and foot traffic, making it an attractive location for a variety of retail businesses. Further due diligence is encouraged to fully assess the property's financial performance and potential. Detailed financial statements and lease agreements can be provided to qualified buyers. This is a rare chance to acquire a well-positioned retail property in a thriving area of Sacramento. The property's location within Sacramento County offers convenient access to major transportation routes and a diverse customer base. Serious inquiries are welcome. Contact us to schedule a viewing and explore this lucrative investment opportunity further.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $757,583
    6.5%
    $699,308
    7%
    $649,357
  • Comparable approach

    Method
    Valuation
    Relative Method
    $935,495
    Geo Method
    $935,495
  • Alternative Use

    Use
    Valuation
    Residential
    $589,892
    Hospitality
    $540,338
    Educational
    $449,555
    Medical
    $465,016
    Retail
    $699,308
3308 Martin Luther King Jr Blvd, Sacramento, California

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.5444
Longitude
-121.465
CBSA code
40900
CBSA name
SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$5,610
$54,681
$371,836
$426,517
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-
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FAQs

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