920 20Th St Sacramento, CA 95811
- Office Properties & Spaces
- 5,865 SF
Current Use by Public Records
- New York Life / Insurance Agency
- Mayer & Clifton Partners / Mortgage Lender
- Big Brother Comics / Comic Book Store / Game Store
- Cardinal Realty Finance / Financial Consultant
Property Details for 920 20Th St
- Year built
- 1910
- Property size
- 5,865 SF
- Property type
- Office Properties & Spaces
Description
This exceptional executive office building at 920 20th Street in Sacramento, CA, presents a unique owner/user or investment opportunity. The property boasts 11,281 square feet of space, with the first floor fully leased, generating approximately $90,876 in annual rental income (Year 1). The second floor, comprising approximately 5,865 square feet, is currently available. Built in 1910 and renovated in 2007, this building features seven on-site parking spaces – a rare amenity in Midtown. Located at the northwest corner of 20th and J Streets, the property benefits from high visibility and walkability, situated in the heart of Midtown's cultural and entertainment district, adjacent to a major farmer's market. The C-2-SPD zoning allows for a variety of uses, making it ideal for creative firms, trade associations, law firms, non-profits, or other businesses seeking a prominent location. The asking price is $2,200,000, with a price per square foot of $195. The lot size is 9,600 square feet, and the building currently has 48% occupancy. This is a rare chance to acquire a well-positioned, income-generating property in a highly desirable area of Sacramento. The property's prime location and unique features make it an excellent investment for both owner-users and investors seeking a strong return. The building's prominent location offers unparalleled branding opportunities.
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
- -121.48
- Latitude
- 38.5772
