5900 Wedgewood AveCarmichael, CA 95608

Property Details for 5900 Wedgewood Ave

Year built

1970

Construction

TILT-UP CONCRETE

Lot size

0.25 AC

Property size (Sq ft)

1,084 SF

Zone code

LC

Property type

Healthcare properties

Property subtype

Medical offices

APN

283-0050-038-0000

APU

28300500380000

Description

Exceptional investment opportunity: two vacant office buildings totaling 3,480 square feet situated on a half-acre lot in the heart of Carmichael, California. This dual-property purchase presents a unique chance to acquire two buildings located at 5900 Wedgewood Ave and 5850 Fair Oaks Blvd, offering high visibility and consistent traffic flow due to their strategic placement at the intersection of Wedgewood Avenue and Fair Oaks Boulevard. Each building is single-story. The combined property is zoned for Light Commercial use (LC), opening doors to a wide range of business ventures. The asking price is $875,000, translating to $251.44 per square foot. The properties are currently vacant, providing immediate occupancy for the new owner. The combined APN is 283-0050-037 & 038. This offering includes two buildings, ideal for a variety of uses, including medical and traditional office spaces. The location in Sacramento County, CA, zip code 95608, provides easy access to major transportation routes and a thriving local community. This is a rare opportunity to acquire a substantial commercial property in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $143,527

  6.5%

  $132,486

  7%

  $123,023

• Comparable approach

  Method

  Valuation

  Relative Method

  $154,774

  Geo Method

  $154,774

• Alternative Use

  Use

  Valuation

  Residential

  $164,283

  Hospitality

  $150,482

  Educational

  $125,200

  Medical

  $129,505

  Retail

  $194,755

Location Insight

City

Carmichael

County

Sacramento

State

California

Latitude

38.6082

Longitude

-121.329

CBSA code

40900

CBSA name

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

Property Tax & Assessments

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