Current Use by Public Records
- Mad Hatter Doughnuts / Bakery / Discount Store
- MySelfeez Boutique / (Bike/Boat/Book/etc) Store
- Twisted Twig Winery-Tasting Room / Brewery & Distillery / Specialty Food Shop
- Danny's Mini Donuts / Bakery / Discount Store
Property Details for 900 2Nd St
- Lot size
- 0.17 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional retail investment opportunity encompasses two buildings totaling ±13,600 square feet on a 0.17-acre lot in Sacramento's vibrant Old Sacramento district. Situated at the southwest corner of 2nd and I Streets, this fee-simple property boasts a prime location within a National Historic Landmark District, attracting approximately 5 million annual visitors. Currently 79% occupied by seven tenants, including established businesses like Candyland and Slice of Old Sacramento Pizza, the property offers a stabilized NOI of $198,519, representing a 6.85% cap rate and a compelling 9.25% pro-forma cap rate. The buildings, constructed in 1970 and 1977, are zoned C-3 (Central Business Zone) and feature a mix of restaurant and storefront spaces. With a weighted average lease term of 2.1 years, significant upside potential exists through lease renewals and re-tenanting of vacant space. The asking price is $2,505,000, translating to $184.19 per square foot. This NNN investment provides passive ownership with mature tenants in a high-traffic tourist destination, presenting a rare opportunity for strong returns. The property's two legal parcels are identified by APN numbers 006-0012-036 and 006-0012-037. The property is not subject to a ground lease.
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
- -121.504
- Latitude
- 38.5841
