3500 El Camino Ave Sacramento, CA 95821-6535
This exceptional retail opportunity presents a substantial 156,000-square-foot former Macy's building in Sacramento, California. Located at 3500 El Camino Ave, at the corner of Watt Avenue, this single-tenant property sits on a generous 9.67-acre parcel within the Country Club Plaza Mall. The four-story building, constructed in 1961, offers ample space for a variety of retail uses. The property boasts 669 parking spaces, ensuring convenient access for customers. Its strategic location provides excellent visibility and accessibility, situated near major businesses including WinCo, Cinema West, Wells Fargo, and Rebounderz. The surrounding area is a well-established and desirable retail hub, benefiting from a strong customer base and high traffic volume. The property is zoned SC (Shopping Center) within Sacramento County (95821). This is a rare chance to acquire a significant retail space in a prime Sacramento location. The entire building is currently vacant, presenting a blank canvas for a new tenant or a redevelopment opportunity. The substantial size and prominent location make this property an ideal investment for a large-scale retailer or a developer seeking a high-impact project. The ample parking and convenient access further enhance its appeal. This is a unique opportunity to acquire a landmark property in a thriving retail corridor.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
SC · Sacramento, CASacramento. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.