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1017 Front St 12,240 SF Vacant Retail Building Sacramento, CA 95814 $2,100,000 ($171.57/SF) 4.47% Cap Rate
Investment Highlights
- ±12,240 SF three-story mixed-use commercial building in the heart of Old Sacramento Waterfront
- Offered at $2,100,000 ($172/SF) with a 4.47% cap rate based on existing rents
- Prominent Front Street boardwalk location surrounded by restaurants, entertainment, museums, and retail attractions
- 67% leased to The Copper Forged, Boss 5 Star Lounge, and Ink & Image LLC
- Located within California’s National Historic Landmark District attracting 5+ million annual visitors
- Value-add investment with leasing upside and owner-user potential in one of Sacramento’s most visited destinations
Executive Summary
This offering presents the rare opportunity to acquire 1017 Front Street, a three-story, ±12,240 square foot mixed-use commercial building set in the heart of Old Sacramento, California’s National Historic Landmark District and one of the most trafficked tourist destinations in the entire state.
Originally constructed in the 1840’s and comprehensively renovated and rebuilt in 1970, the property sits along the iconic Front Street boardwalk in the Old Sacramento Waterfront district, drawing more than 5 million visitors annually from across the globe. Its C-3-SPD zoning within the Central Business District supports a diverse range of retail, entertainment, restaurant, and office uses across its three floors.
Offered at $2,100,000 ($172/SF), equating to a 4.47% cap rate on 67% occupancy creating a property opportunity with genuine upside potential for an owner-operator, investor, or end-user seeking to establish a foothold in Sacramento’s most historically significant and visitor-rich submarket, one that benefits simultaneously from both the tourism economy of Old Sacramento and the revitalized energy of Downtown.
Originally constructed in the 1840’s and comprehensively renovated and rebuilt in 1970, the property sits along the iconic Front Street boardwalk in the Old Sacramento Waterfront district, drawing more than 5 million visitors annually from across the globe. Its C-3-SPD zoning within the Central Business District supports a diverse range of retail, entertainment, restaurant, and office uses across its three floors.
Offered at $2,100,000 ($172/SF), equating to a 4.47% cap rate on 67% occupancy creating a property opportunity with genuine upside potential for an owner-operator, investor, or end-user seeking to establish a foothold in Sacramento’s most historically significant and visitor-rich submarket, one that benefits simultaneously from both the tourism economy of Old Sacramento and the revitalized energy of Downtown.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
12,240 SF
Building Class
B
Year Built/Renovated
1970/2014
Price
$2,100,000
Price Per SF
$171.57
Cap Rate
4.47%
NOI
$93,870
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
11’
Building FAR
2.16
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
C-3 - Multi-Use Zoning / C-3 - SPD - CENTRAL BUSINESS DISTRICT/SPECIAL PLANNING DISTRICT
Frontage
Amenities
- Courtyard
- Signage
- Tenant Controlled HVAC
- Accent Lighting
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Boss 5 Star Lounge
- Arts, Entertainment, and Recreation
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Boss 5 Star Lounge | Arts, Entertainment, and Recreation | - | $9.99 | Lorem Ipsum | Jan 0000 |
Exceptionally walkable
90/100
Exceptionally drivable
90/100
Good public transit
60/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 006-0071-041 | Improvements Assessment | $769,182 |
| Land Assessment | $552,847 | Total Assessment | $1,322,029 |
Property Taxes
Parcel Number
006-0071-041
Land Assessment
$552,847
Improvements Assessment
$769,182
Total Assessment
$1,322,029
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1017 Front St
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