2016-2018 16Th St, Sacramento, CA 95818
- Retail properties & Spaces
- 2,530 SF
- 0.07 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 2016-2018 16Th St
- Year built
- 1925
- Lot size
- 0.07 lot acres
- Property type
- Retail properties & Spaces
- 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.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sacramento
- County
- Sacramento
- State
- California
- Longitude
- -121.491
- Latitude
- 38.5665
