714 14th Street is a paved, striped parking lot with 16 tandem parking stalls, conveniently accessed from Government Alley. The lot is approximately 2,800 SF of C-2 Zoned land, centrally located with proximity to Sacramento Convention Center Complex, Theater District, K Street, California State Capitol, City Hall, and County Courthouse.
Parking is a premium luxury in Downtown Sacramento. Within a 1/3 of a mile of the Property, there are 4 million SF of office space, over 1,400 multifamily apartments, and 381 new units under construction. As a result, demand for parking is higher than ever from tenants, office users, restaurants and theater goers.
The Property is also a high quality urban infill opportunity. The parcel is a 70 foot long by 40 foot lot providing several feasible options to further increase the cash flow and enhance the value of the asset.
