2224 J St Sacramento, CA 95816
- Investment properties
- 4,432 SF
- 0.07 lot acres
Current Use by Public Records
- Healthy Habits Studio / Physical Fitness Program
- Reno Gorman / Gym
- Otten Deborah L / Marriage Or Relationship Counselor
- Xavier Massage / Massage Therapist
- Harmony Massage / Massage Therapist
Property Details for 2224 J St
- Year built
- 1925
- Construction
- WOOD
- Lot size
- 0.07 lot acres
- Property size
- 4,432 SF
- Zone code
- C-2-SPD
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 007-0093-008-0000
- APU
- 700930080000
Description
This exceptional 4,644 square foot mixed-use property, situated on a 0.07-acre lot at 2224 J Street in Sacramento's vibrant Midtown, presents a compelling investment opportunity. Built circa 1920, this beautifully maintained Craftsman building boasts a rich history, previously serving as the Lioness Bookstore and Sacramento Women's Center. Currently, the property enjoys almost full occupancy, with seven short-term leases to physical and massage therapists occupying the upper floor's eight private offices. The first floor houses a long-term tenant, a fitness trainer, who recently completed a full interior remodel. Long-term owners have invested significantly in the building's infrastructure, including the installation of a commercial water line, fire sprinklers, and an accessible lift connecting the street to the first floor. Recent upgrades (2024) include a new water heater and HVAC unit on the first floor. The property offers substantial upside potential for investors or developers. The second floor, originally configured as two shotgun-style apartments, could be redeveloped back into residential units. Further expansion possibilities include the addition of an elevator and a potential third-story attic apartment suite. The City of Sacramento should be consulted regarding permissible mixed-use development options. This property presents a rare blend of historic charm, strong current income, and significant future development potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $320,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $380,000
- 6.5%
- $380,000
- 7%
- $400,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $445,000
- Geo Method
- $435,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $310,000
- Retail
- $335,000
- Mixed-Use
- $410,000
- Hospitality
- $305,000
- Educational
- $360,000
- Residential Income
- $315,000
- Energy
- $340,000
- Income-Based Land
- $315,000
- Food Service
- $405,000
Location Insight
- Map
- Local Demand
- City
- Sacramento
- County
- Sacramento
- State
- California
- Longitude
- -121.476
- Latitude
- 38.5755
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA