Homes for sale - 3000 T ST, Sacramento, CA 95816

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Caleb & Valerie The Core Team

caleb@thecorehomes.com +1(209) 923-1550

$ 1,275,000

Est. payment -/mo

Save

Pending

3000 T ST Sacramento, CA 95816

0.29 Acres Lot

UPDATED:

08/19/2024 10:00 PM

Key Details

Property Type Commercial

Sub Type Office

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 223089784

HOA Y/N No

Originating Board MLS Metrolist

Year Built 1981

Lot Size 0.294 Acres

Acres 0.2938

Property Description

3000 T Street is an approx. 7,880 SF two-story office building situated at the corner of 30th and T Streets, just adjacent to the Business 80 on/off ramps. The building is comprised of ten small office suites ranging from 300-1,800 SF. The property is currently 55% leased to six month-to-month tenants paying an average rent of $1.16 PSF fully serviced, which is about $.50 PSF less than market rent for comparable office space. The property is a true value-add office investment whereby rents and occupancy can be increased with cosmetic improvements and active leasing strategies. The property can also accommodate an owner-user in all or a portion of the building upon closing. The building is situated on a 12,800 SF lot that extends from T Street to Tomato Alley with 160 feet of frontage along 30th Street. The proposed 2040 General Plan would change underlying zoning to Residential Mixed Use with a FAR of 4.0, which would allow a 52,000 SF building on the site. Therefore, the property is also a unique covered land play whereby carry costs are offset by the existing office building rent until construction and debt costs will allow a new development on the entire site. Priced at $1,275,000 which is $161 PSF on the building and $99 PSF on the land

Location

State CA

County Sacramento

Area 10816

Direction Located at the corner of 30th and T Street. On-site parking is open.

Location Details Public Transportation Nearby,Freeway Nearby,Light Rail Nearby

Interior

Heating Central

Cooling Central

Flooring Carpet, Vinyl

Exterior

Garage Open, Private

Utilities Available Master Gas Meter, Master Water Meter

Water Access Desc Public

Roof Type Flat

Total Parking Spaces 20

Building

Sewer Public Sewer

Water Public

Others

Senior Community No

Tax ID 010-0131-025-0000

Special Listing Condition None

Listed by Ken Turton, Broker

Caleb & Valerie The Core Team

Real Estate Specialists | License ID: 02013824 02069389

+1(209) 923-1550

Caleb & Valerie The Core Team

3000 T ST Sacramento, CA 95816

Key Details

Location

Interior

Exterior

Building

Others

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3000 T ST