Sacramento, CA is a thriving market with a population of over 2.5 million people and a strong and growing employment market, it’s a no brainer that more businesses are turning to the Bay Area to plant their roots. In the last 12 months the area has seen an added 23,000 jobs in a various amount of markets, including: healthcare, technology, and education.
Sacramento is abundant with opportunities including a great number of investment property opportunities for both new and established businesses. A more recent property on the Sacramento market is 1900 Fulton Avenue – a free standing retail building and the previous home to California Gourmet Pizza.
The retail building that was built in 1980 has a rentable square footage of 1,541 sq ft, a decently sized parking lot for 27 vehicles, and is situated on a lot size of .37 acres or 16,250 sq ft. The property holds a great amount of opportunity for any retail facility due especially to its great location on a corner lot that is highly visible to those passing through Fulton Ave and Arden Expressway, just south of Interstate Business 80 (210,000 AADT).
Surrounding the property are a number of large retailers; Target, O’Reilly, Cook’s Collision, Waffle Square, in addition to Arden Fair Mall which houses tenants like, Macy’s JCPenney, Sears, the Apple Store, Forever 21, Nordstrom, and many more. With a close proximity to other facilities like a golf course, public transportation, this property is highly visible to the high traffic area of Sacramento.
This 100% fee simple interest property is SPA zoned running at about $551 per sq ft for a total of $850,000, a reasonable price within such a high demand market and this high trafficked area of Sacramento. Studies show that similar properties in the same run anywhere from $1.7 million and above. Don’t miss out on this great opportunity to expand your business in one of the largest metropolitan areas in the U.S.
To learn more about this property and the Sacramento market contact myNOI’s trusted broker in the Sacramento, CA, Brett Swarts.
Dalesmy Gonzalez is a graduate of Western Washington University where she studied Business Administration with an emphasis in Marketing.
She specializes in optimizing digital marketing websites for commercial real estate brokers and connecting buyers, sellers, and investors across the US.