2419 K St Sacramento, CA 95816-5001

Property Details for 2419 K St

Year built

1948

Construction

TILT-UP CONCRETE

Lot size

0.15 lot acres

Property size

6,820 SF

Zone code

C-2-SPD

Property type

Retail space

APN

007-0101-010-0000

APU

701010100000

Description

This exceptional 6,395 square foot retail building, located at 2419 K Street in the vibrant Midtown Sacramento market, presents a compelling owner-user or investment opportunity. Currently 100% occupied by a nationally recognized tenant, Trek Bicycle, under a lease expiring October 30, 2025, with a five-year renewal option, this property offers a secure income stream and significant upside potential. Built in 1948 and extensively renovated in 2019, the building boasts excellent visibility and four on-site parking spaces—a valuable amenity in this high-traffic area. The C-2 SPD zoning allows for a variety of uses. The current tenant's base rent is approximately 20% below current market rates in Midtown, providing substantial rental growth potential. If the renewal option is exercised, the base rent will be $10,824.32 per month, increasing by 2% annually. This translates to a 6.40% capitalization rate on the asking price of $2,025,000 ($316 per square foot). The property's prime location benefits from high foot traffic, diverse demographics, and a thriving business community. This turn-key property is ready for immediate occupancy or customization to suit your business needs. The property's APN is 007-0101-010. This is a rare opportunity to acquire a well-maintained, income-producing asset in a highly desirable location.