8215 Auburn Blvd E E Ste Citrus Heights, CA 95610-0317
Auburn Square Plaza, a well-maintained neighborhood center in Sacramento County, offers a unique investment opportunity. This 16,000 square foot retail property sits on 1.09 acres and features two single-story buildings constructed in 1979. Currently, the center boasts a diverse tenant mix including a Mexican restaurant, ice cream shop, fitness center, beauty salon, and auto repair shop. A significant advantage is the shared parking lot with the adjacent 10,000 square foot Aquarium and Reptile Depot, increasing overall traffic and visibility. The property enjoys high traffic counts, with approximately 40,000 vehicles passing daily, due to its convenient proximity to I-80 via Antelope Road or Riverside Avenue. A flexible space of 2,079 to 3,079 square feet is currently available. This space, previously occupied by a theater company, includes a 1,200 square foot auditorium (43' x 28') with stadium seating for 52 (plus additional floor space), making it ideal for a church or similar use. The City of Citrus Heights has approved a total occupancy of 89 persons for this area. The property is zoned SPA and has an APN of 204-0620-012. Net operating expenses are $0.30 per square foot. This multi-tenant property presents a compelling opportunity for investors seeking a well-located retail center with strong existing tenants and significant potential for future growth.
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Looking Glass Reiki Alternative Medicine Practice
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La Chupaleta Ice Cream Grocery & Convenience Store Specialty Food Shop
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Hair by Jeni Hair Salon
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Pat Henry's Auto Repair Auto Repair Shop
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The Sound Shop Auto Repair Shop
A. Purpose. The provisions of this Section are intended to allow development within the Antelope Commons SPA to buffer future residents from Antelope Road and adjoining commercial uses, and support an innovative mixed use development design that is an asset to the community, and a transition between existing residential and commercial uses. B. Applicability.…
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
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Property description
Physical attributes from public recordsZoning & alternative use
SPA · Citrus Heights, CAA. Purpose. The provisions of this Section are intended to allow development within the Antelope Commons SPA to buffer future residents from Antelope Road and adjoining commercial uses, and support an innovative mixed use development design that is an asset to the community, and a transition between existing residential and commercial uses. B. Applicability. This Section applies to proposed development and new land uses within the Antelope Commons SPA, as shown on Figure 5-1 and the Zoning Map. C. Allowable land uses. Land uses within the planning area shall be limited to townhouses and offices in a mixed use setting. No retail sales shall be conducted from the office structure. Uses other than retail sales shall be office uses including accountants, insurance brokers, engineers, attorneys and similar activities. D. Permit requirements. Design review approval shall be required for all proposed development, except for residential accessory structures in compliance with Section 106.42. 200 (Residential Accessory Uses and Structures). E. Density. Residential density shall not exceed 10.2 dwelling units per acre. F. Development standards - Overall project design objectives. The site shall be developed with a mix of residential and office uses. Each townhouse shall be served by a central interior access road, which will also provide emergency access and easement for underground utilities. Garage access to two enclosed parking spaces in eight units and one enclosed parking space in two units shall be via the central drive. Each unit will have one additional covered parking space, in addition to the enclosed spaces . This configuration will allow the townhouses to each have enclosed private outdoor spaces on the east and west sides of the site, to serve as visual buffers for adjoining residences. An additional common open space area along the north boundary of the property will serve as a further buffer for existing residents to the north. All residential units shall have landscaped private rear yards, appropriately designed to provide visual screening for neighboring residents. The common open space area situated along the north property line shall have a children’s play area and shall be landscaped to provide visual screening for neighboring residences to the north. G. Development standards - Overall project site. 1. Grading. The design, layout and configuration of improvements shall minimize the extent and amount of grading. The following techniques shall be considered and utilized where feasible. a.
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.
