6639 Watt AveNorth Highlands, CA 95660

Property Details for 6639 Watt Ave

Year built

1984

Construction

TILT-UP CONCRETE

Lot size

2.89 AC

Property size (Sq ft)

30,306 SF

Zone code

SPA

Property type

Retail properties

Property subtype

Community centers

APN

208-0153-024-0000

APU

20801530240000

Description

This exceptional retail opportunity presents 10,276 square feet of vacant space within a 31,000 square foot building situated at 6639 Watt Avenue in North Highlands, California, zip code 95660. Located in the Watt Square Shopping Center, this single-tenant space offers high visibility and accessibility. The property is conveniently located near the intersection of Watt Avenue and Elkhorn Boulevard, a high-traffic area boasting an average daily traffic count exceeding 58,000 vehicles. The space is part of a larger retail center, sharing the space with established national retailers such as Ross Dress for Less, NAPA Auto Parts, and Popeyes. This presents a unique opportunity to lease directly from a national retailer, offering a strong anchor tenant presence. The property is a one-story building and is classified as a neighborhood center anchor space. The surrounding area boasts a strong demographic profile, with an average household income within a three-mile radius exceeding $63,000. The flexible space can accommodate tenants requiring between 7,500 and 12,500 square feet. This location in Sacramento County's North Highlands submarket offers significant potential for businesses seeking high visibility and a strong customer base. The property is ideal for a variety of retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $8,028,863

  6.5%

  $7,411,258

  7%

  $6,881,882

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,904,269

  Geo Method

  $10,904,269

• Alternative Use

  Use

  Valuation

  Residential

  $6,251,674

  Hospitality

  $5,726,500

  Educational

  $4,764,380

  Medical

  $4,928,234

  Retail

  $7,411,258

Location Insight

City

North Highlands

County

Sacramento

State

California

Latitude

38.6883

Longitude

-121.384

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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