PRICING:
$799,000.00
$340.50 PSF
$42,902.40
Annual Income
5.37% CAP Rate
REGION:
Citrus Heights, CA
APN:
232-0193-008
AVAILABILITY:
-/+ 2,346 SF Building
-/+ 0.19 Acres
ZONING:
LC Light Commercial
OPPORTUNITY:
Free Standing Retail Building
- This free-standing building was constructed in 1963 and offers a flexible layout for various businesses with a large glass front window line to showcase products.
- The building has +1-2,346 SF of retail space. The property sits on +1-0.19 Acres immediately adjacent to the Jimboy’s Tacos at the signalized intersection of San Juan Ave. & Madison Ave.
- There are currently two existing tenants but the building has three separate addresses allowing for 3 total retail suites.
- This retail building is less than 3 miles away from HWY 80 and is surrounded by dense residential neighborhoods with national shopping amenities close by.
California is the fifth largest economy in the world with Sacramento being its capital. Historically known for its flooding, Sacramento is an intersecting point for both the American & Sacramento River at Discovery Park.
This capital city was founded in 1848 on the fertile agricultural soils located in the northern portion of the Central Valley, growing to nearly +/-1,000 square miles.
The City of Sacramento has roughly 525,000 residents while entire Sacramento County has nearly 1,600,000 residents.
Sacramento County is home to numerous other populated and expanding metro areas: Elk Grove, Natomas, Rancho Cordova, & Citrus Heights.
With a reputation of being a small capital city compared to the much larger cities of L.A. & S.F, Sacramento continues to grow as the state population continues to decrease. A majority of California’s state workers are employed within county limits while the capital city of California continues to see job growth and constant real estate development in both residential and commercial sectors, despite high interest rates.
Executive Director
916 704 9341
dmueller@muellercommercial.com
CalDRE# 01829919
Director
916 613 3899
cfreelove@muellercommercial.com
CalDRE# 02092307