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601-605 15th St
Sacramento, CA 95814
Retail Property For Lease
·
3,764 SF
HIGHLIGHTS
- 3,764 SF fully improved 2nd-generation restaurant space
- Kitchen with walk-in fridge, storage, and manager’s office
- ocated in Sacramento’s Urban Core, historic Alkali Flats neighborhood benefiting from the Midtown PBID
- Large countertop bar and open dining area layout
- Four restrooms to accommodate guests and staff
- Property also available for sale - $1,895,000 with income from apartment units
PROPERTY FACTS
| Total Space Available | 3,764 SF | Gross Leasable Area | 7,400 SF |
| Property Type | Retail | Year Built | 1920 |
| Property Subtype | Restaurant | Parking Ratio | 0.77/1,000 SF |
| Total Space Available | 3,764 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 7,400 SF |
| Year Built | 1920 |
| Parking Ratio | 0.77/1,000 SF |
ABOUT THE PROPERTY
Turton Commercial Real Estate is pleased to present the opportunity to purchase 100% fee simple interest in 601-605 15th Street, a recently renovated mixed-use, owner-user investment opportunity including 4 modern apartment units (three 1-bedroom/1 bath and one 2 bedroom/1 bath) on the 2nd floor and a 3,764 square foot 2nd-generation restaurant space for lease on the first floor. Located in Sacramento’s Urban Core within the historic Alkali Flats neighborhood, this scarce opportunity generates a Proforma Net operating income of $131,548.51. 601-605 15th Street (The “Property”) is an approximate 6,512 rentable square foot, 2-story, mixed-use commercial building situated on an approximate 6,199 square foot parcel of land. The 1st floor consists of fully improved restaurant space for lease. This space includes a large countertop bar, ample open space for tables and guests, a kitchen, walk-in fridge, storage room, manager’s office, and four restrooms. The Second floor consists of 4 modern and recently renovated apartment units. These upgrades include wood panel flooring, updated countertops, custom-cabinetry, dishwashers, cooktops, side-by-side refrigerators, washer/dryer hookups, frameless glass shower enclosures, and all the tenants share a roughly 313 SF patio. In addition, the Property features 5 parking stalls.
