1220 H St Sacramento, CA 95814
- Office buildings
- 10,485 SF
- 0.44 lot acres
Current Use by Public Records
- Sally Gonzales Law Office / Law Firm
- Solinsky & Associates / Law Firm
- She Shares / Association / Organization
- Rakk Supply Co. / Roofing Company / General Contractor
- Organizer, Inc / Corporate Office
Property Details for 1220 H St
- Year built
- 1962
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.44 lot acres
- Property size
- 10,485 SF
- Zone code
- C-2-SPD
- Property type
- Office buildings
- APN
- 006-0051-020-0000
- APU
- 600510200000
Description
This 0.44-acre site at 1220 H Street in Sacramento, CA (APN 006-0051-020), is offered at $3,360,000. Zoned General Commercial (C-2-SPD) within the Central City Special Planning District, it boasts a fully entitled redevelopment plan. The property includes a two-story, 10,500 square-foot office building with 45 parking spaces, currently generating revenue. The approved project, redesigned in 2023 by Mogavero Architects, features a striking design with "sawtooth" window bays and a courtyard amenity. The updated plans call for a new 8-story mixed-use addition, resulting in a total of 98-101 residential units and approximately 4,373 square feet of retail space. The project's Design Review has already been approved by the City of Sacramento. This distressed sale presents a unique opportunity to capitalize on the vibrant growth and revitalization of Downtown Sacramento's Alkali Flat neighborhood. The property's Urban Corridor High General Plan designation further enhances its development potential. The existing building and parking spaces offer immediate income potential while the approved project provides a long-term investment opportunity in a rapidly growing market. This is a prime infill site ready for immediate development.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,054,000
Market price range: $223k - $1.53M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,240,000 Current use
- AUTO REPAIR, GARAGE
- $2,685,000 Change: +20% Conversion: Difficult
- MEDICAL BUILDING
- $2,670,000 Change: +19% Conversion: Easy
- COMMERCIAL (GENERAL)
- $2,480,000 Change: +11% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $2,300,000 Change: +3% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Sacramento
- County
- Sacramento
- State
- California
- Longitude
- -121.489
- Latitude
- 38.5813
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA