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Executive Summary

Catalyst Commercial Partners is pleased to present the exclusive opportunity to acquire 4010 Manzanita Ave, a freestanding 16,888 SF former Rite Aid situated on 2.568 acres within Carmichael Place — a Safeway-anchored neighborhood shopping center at the signalized intersection of Manzanita Ave and Fair Oaks Blvd in Carmichael, California. Offered at $2,200,000 ($130/SF), this vacant retail box presents an exceptional value-add repositioning opportunity in one of Sacramento County's most established suburban retail corridors, benefiting from ±63,300 combined vehicles per day across two signalized intersections, an existing pharmacy drive-through window, 427 shared parking spaces, and a national credit grocery anchor operating immediately adjacent. The property is zoned GC (General Commercial) under Sacramento County and is subject to CC&Rs with Safeway governing allowable uses. With a dense consumer base of approximately 78,000 Carmichael residents, a median household income of $86,563, and strong demand from medical, urgent care, discount retail, and specialty grocery operators actively seeking this building format, 4010 Manzanita Ave represents a rare chance to acquire a well-located, freestanding retail asset at a compelling basis well below replacement cost.

Property Facts

Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Drug Store
Building Size
16,706 SF
Building Class
C
Year Built
1999
Price
$2,200,000
Price Per SF
$131.69
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
2.57 AC
Zoning
SC - Sacramento City
Parking
27 Spaces (1.62 Spaces per 1,000 SF Leased)

Amenities

  • Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100

Nearby Major Retailers

In-Shape Management Co.
Smart & Final
Burgerim
U.S. Bank
Safeway
Bank of Montreal
Golden 1 Credit Union
Bel Air
Starbucks
Orangetheory Fitness

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 245-0180-050
  • 245-0180-049
Land Assessment
$1,270,836
Improvements Assessment
$1,868,536
Total Assessment
$3,139,372
  • Listing ID: 41062845

  • Date on Market: 6/25/2026

  • Last Updated:

  • Address: 4010 Manzanita Ave, Carmichael, CA 95608

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