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623 16th St
Sacramento, CA 95814
Existing Hotel in Vibrant MIDTOWN SACRAMENTO · Hospitality Property For Sale
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11,276 SF
Investment Highlights
- LOCATED IN VIBRANT MIDTOWN SACRAMENTO NEAR SIGNFICANT REDEVELOPMENT
- OFFERED FOR SALE AS A REDEVELOPMENT/REPOSITION OPPORTUNITY OR AS EXISTING HOTEL
- 5,7 CAP RATE ON 2021 P AND L
- 2 BLOCKS FROM FORMER GOVERNORS MANSION ON 16TH STREET
- WYNDHAM HOTEL OPERATED AS AN EXISTING HOTEL
- HOLD AS A HOTEL WITH THE POTENTIAL FOR REDEVELOPMENT IN THE FUTURE
Property Facts
| Property Type | Hospitality | Building Size | 11,276 SF |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | C | Year Built | 1959 |
| Lot Size | 0.44 AC | Parking Ratio | 3.28/1,000 SF |
| Construction Status | Converted | Corridor | Exterior |
| Zoning | C2-SPD - The property is zoned C-2 SPD (special planning district) in which the City of Sacramento has designated that the barriers to an alternative use, such | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.44 AC |
| Construction Status | Converted |
| Building Size | 11,276 SF |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 3.28/1,000 SF |
| Corridor | Exterior |
| Zoning | C2-SPD - The property is zoned C-2 SPD (special planning district) in which the City of Sacramento has designated that the barriers to an alternative use, such |
Amenities
- High Speed Internet Access
- Public Access Wifi
Property Taxes
| Parcel Number | 002-0173-023 | Improvements Assessment | $2,580,000 |
| Land Assessment | $1,920,000 | Total Assessment | $4,500,000 |
Property Taxes
Parcel Number
002-0173-023
Land Assessment
$1,920,000
Improvements Assessment
$2,580,000
Total Assessment
$4,500,000
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