Current Use by Public Records
- Chong & Wong / Law Firm
- Lily Co / Property Management Company / Real Estate Agency
Property Details for 501 S St
- Year built
- 1981
- Lot size
- 0.14 lot acres
- Property type
- Office 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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sacramento
- County
- Sacramento
- State
- California
- Longitude
- -121.497
- Latitude
- 38.5603
