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3000 T Street

Sacramento, CA 95816
  • $1,275,000
  • STATUS: Active
  • ON SITE: 155 Days
  • MLS #: 223089784
UPDATED: 59 min ago
$1,275,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,874
    SQFT
  • $162
    $/SQFT
Type:
Commercial
Built:
1981
County:

School Ratings & Info

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

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Metrolist MLS logo © 2024 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2024-02-21T06:39:22.27. MetroList® MLS Terms of Use. IDX provided by BoomTown.
www.rogfox.com/homes/143482113
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3000 T Street Sacramento, CA 95816

  • Price: $1,275,000
  • Status: Active
  • On Site: 155 Days
  • Updated: 59 min ago
  • MLS #: 223089784
0
Beds
0
Baths
0
½ Baths
0.29
Acres
7,874
SQFT
$162
$/SQFT
1981
Built
Neighborhood:
Sacramento Downtown/Midtown
County:
Sacramento
Area:
Sacramento Downtown/Midtown
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
Exterior Features

Construction Materials FrameWood Dock Doors 0 Loading None Num Of Floors 0 Parking Features OpenPrivate Roof Flat Total Parking Spaces 20.00

Interior Features

Cooling Central Flooring CarpetVinyl Heating Central Num Of Elevators 0 Num Of Restrooms 0 Office Sq Ft 7874 Retail Sq Ft 0 Warehouse Sq Ft 0

Property Features

Building Features Other Business Type Other Electric Separate Electric Meter Income Includes Other Lease Deposit 0 Lease Term Month To Month Location Public Transportation NearbyFreeway NearbyLight Rail Nearby Num Of Offices 0 Num Of Tenants 0 Property Subtype Office Property Type Commercial Sale Sewer Public Sewer Special Listing Conditions None Tenant Pays Other Utilities Master Gas MeterMaster Water Meter Water Source Public Year Renovated 0 Zoning Residential Office

Metrolist MLS logo Listing provided courtesy of Ken Turton, Broker: . Listing information © 2024 MetroList Services, Inc.


Metrolist MLS logo © 2024 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2024-02-21T06:39:22.27. MetroList® MLS Terms of Use. IDX provided by BoomTown.
 
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11 Town Square Place
Vacaville CA, 95688