501 S St Sacramento, CA 95818

Property Details for 501 S St

Year built

1981

Lot size

0.14 lot acres

Property size

8,105 SF

Property type

Office Properties & Spaces

Description

This exceptional 8,105-square-foot executive office building at 501 S Street in Sacramento, CA, is offered at $2,431,500 ($300/SF). Built in 1981, this property sits on a 0.14-acre lot (approximately 19,171 square feet) and boasts 20 on-site parking spaces. The building is zoned RMX-SPD and is located within an Opportunity Zone, providing significant tax advantages for investors. Its prime downtown location is adjacent to the vibrant R Street Corridor, known for its restaurants, shops, and entertainment venues. This presents a unique opportunity for owner-occupancy or redevelopment, leveraging the high floor area ratio (FAR) of 6.0 (as per the General Plan Update). The property's APN is 009-0055-016. This is an ideal investment for those seeking a strong return in a thriving urban environment. The property's strategic location and zoning offer considerable potential for future development and growth. The building's existing infrastructure provides a solid foundation for immediate occupancy or a comprehensive renovation project. This is a rare opportunity to acquire a well-located, versatile commercial property in Sacramento's dynamic downtown core.