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Prime Corner Retail Midtown Investment 1729-1731 L St 5,858 SF 100% Leased Retail Building Sacramento, CA 95811 $1,995,000 ($340.56/SF) 6% Cap Rate
Investment Highlights
- 100% Leased – Five Retail/Service Tenants
- Prominent Midtown Corner Location
- 4,300+ New Residential Units Since 2017
- Diversified Retail & Service Tenant Mix
- Two Blocks from Midtown Farmers Market
- Highly Walkable Dining, Retail & Entertainment District
Executive Summary
Excellent opportunity to acquire a 100% leased, five-tenant commercial investment property in the heart of Midtown Sacramento. Located at 1731 L Street and 1124 18th Street, the property consists of approximately 5,250 gross SF / 4,600 net SF on a 3,400 SF parcel and features a distinctive mix of historic architecture, including a Victorian-era component and prominent hard corner commercial frontage. The property is fully occupied by five established retail and service-oriented tenants under modified gross leases, providing diversified income within one of Sacramento’s most desirable and active urban neighborhoods. The offering is priced at $1,995,000, representing a projected 6.0% capitalization rate, with pro forma NOI of approximately $119,721. The property benefits from a highly walkable location surrounded by restaurants, nightlife, retail, residential development and neighborhood amenities, including the Midtown Farmers Market just two blocks away. The property shares the intersection with popular restaurants Aioli, Crepeville and Pazza Notte on each of the other three corners. More than 4,300 new residential units have been added to Midtown since 2017, further strengthening the area’s built-in customer base and long-term investment appeal.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,858 SF
Building Class
B
Year Built/Renovated
1920/1946
Price
$1,995,000
Price Per SF
$340.56
Cap Rate
6%
NOI
$119,721
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
1.68
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
C-2 - General Commercial
Amenities
- Corner Lot
- Signage
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- ADREM
- Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Christopher Parker
- Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Ginger & Raven Co.
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Pierced Hearts LLC
- Retailer
- -
- -
-
Lorem Ipsum
-
Jan 0000
Body piercing shop in Sacramento, California
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| ADREM | Services | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Christopher Parker | Services | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Ginger & Raven Co. | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Pierced Hearts LLC | Retailer | - | - | Lorem Ipsum | Jan 0000 |
Exceptionally walkable
100/100
Moderately drivable
70/100
Good public transit
60/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 006-0126-009 | Improvements Assessment | $1,160,583 |
| Land Assessment | $394,596 | Total Assessment | $1,555,179 |
Property Taxes
Parcel Number
006-0126-009
Land Assessment
$394,596
Improvements Assessment
$1,160,583
Total Assessment
$1,555,179
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Contact the Sale Advisor
Prime Corner Retail Midtown Investment | 1729-1731 L St