1011 K St Sacramento, CA 95814
- Retail properties
- 36,771 SF
Current Use by Public Records
- Capital Books / Book Store
Property Details for 1011 K St
- Year built
- 1912
- Property size
- 36,771 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents the Crest Theatre, a thriving restaurant complex located in the heart of Sacramento, California. The property boasts a commanding presence at 1011, 1013, 1015, 1017, 1021 and 1023 K Street, zip code 95814, within Sacramento County. Comprising two buildings totaling 36,771 square feet of net rentable space, the Crest Theatre offers a substantial footprint for a successful restaurant operation. Built in 1912 and extensively renovated in 2012, the property benefits from a blend of historical charm and modern amenities. Currently operating at 100% occupancy, the property generates a strong net operating income (NOI) of $1,450,000, translating to an attractive 7.00% capitalization rate. The asking price for this prime retail property is $21,000,000. The property's prime location and impressive financial performance make it an exceptional addition to any investment portfolio. The APN is 006-0103-011-000. This is a rare chance to acquire a landmark Sacramento establishment with significant upside potential. Don't miss this opportunity to own a piece of Sacramento's vibrant culinary scene.
Value Estimation
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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
- -121.493
- Latitude
- 38.5791
