2016-2018 16Th St Sacramento, CA 95818

Property Details for 2016-2018 16Th St

Year built

1925

Lot size

0.07 lot acres

Property size

2,530 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional Midtown Sacramento property offers a unique investment opportunity combining a fully equipped, turnkey restaurant and market with a renovated, income-generating apartment. The 2,530 square foot building, constructed in 1925 and completely renovated in 2023, sits on a 0.073-acre lot (APN 009-0151-009-0000) and is zoned C-2-SPD. The ground floor encompasses a thriving restaurant and market, complete with all necessary equipment including refrigerators, freezers, stoves, ovens, woks, a hood system, and grease traps. The business is currently operational and includes the option to retain the existing name and branding. The upper level features a recently renovated three-bedroom, two-bathroom apartment, currently leased for $2,100 per month until October 31, 2024. The property boasts excellent visibility at the intersection of 16th and T Streets, benefiting from high traffic volume and a strong residential population. A rear parking pad accommodates up to six vehicles. The location offers easy access to major freeways (I-5, Hwy 50, Hwy 80, and Hwy 99), numerous nearby restaurants, and is within proximity to Southside Park and The Ice Blocks. This is an owner-user opportunity with significant potential for continued success and rental income. The asking price is $1,280,000.