Current Use by Public Records
- Retail properties & Spaces
Property Details for 1926 20Th St
- Property type
- Retail properties & Spaces
- Property subtype
- Land
Description
This exceptional offering presents a rare opportunity to acquire a 17,600 square foot assemblage of three parcels in Sacramento's highly desirable Midtown district. Located at the southwest corner of 20th and Capitol Avenue, this property includes a primary parcel of 12,800 square feet, a secondary parcel of 3,200 square feet, and an abandoned 1,600 square foot public alley. Currently operating as a surface parking lot generating approximately $100,000 in annual income under a month-to-month agreement with Priority Parking, this investment provides immediate cash flow while allowing time for future development planning. The C-2-SPD (General Commercial/Special Planning District) zoning permits a variety of development options, most notably a stand-alone retail building of approximately 17,000 square feet. Based on comparable rents in the immediate vicinity, potential rental income for a quality retail building could reach approximately $3.75 per square foot per month NNN for corner units and $3.50 per square foot per month NNN for inline shops. This prime location within the Midtown Grid and Handle District offers unparalleled potential for significant return on investment. The asking price for this exceptional property is $2,800,000.
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
- -121.482
- Latitude
- 38.5731
