1700 V ST, Sacramento, CA 95818 – ML81972961 - Pete Ruiz

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Pete Ruiz

peteruiz@kw.com +1(831) 277-8712

$ 1,050,000

Est. payment | -/mo

3,593 SqFt

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$ 1,050,000

Est. payment | -/mo

Save

3,593 SqFt

Key Details

Property Type Commercial

Sub Type Commercial Property

Listing Status Pending

Purchase Type For Sale

Square Footage 3,593 sqft

Price per Sqft $292

MLS Listing ID ML81972961

Year Built 1900

Lot Size 3,327 Sqft

Property Description

Seller may carry a 1st Mtg! An investor/user opportunity to acquire 1700 V Street, a 2-story mixed-use building located in downtown Sacramento, California. This building is located on the Southeast corner of 17th and V Street, and is comprised of a convenience store ( Nick's Market) and 3 apartment units. NIck's Market, a longtime cornerstone market, occupies the ground floor commercial space and is approximately 1,390 square feet. This lease expires in January 2027, with no options to renew. This allows a user opportunity to operate the c-store or lease to a market operator at twice the amount at current rate. Three apartment units occupy the remaining space within the building, with one studio unit on the ground floor, and two- 2/1 bath apartment flats on the second story. The studio is approximately 400 square feet, and is occupied by a long term month-month tenant paying 50% under market, presenting immediate income upside. Upstairs, there are two- 2 bedroom/ 1 bath apartment flats that were beautifully renovated in 2024. Building/unit renovations include but not limited to: new exterior paint, new central heat/air, dual pane windows, refer, stove, faucets, lighting, luxury vinyl plank flooring, interior paint, toilet, hardware, doors, etc. The building is 100% occupied.

Location

State CA

County Sacramento

Area Sacramento Land Park/Curtis Park

Building/Complex Name NIck's Market

Zoning R-3A

Interior

Heating Central Forced Air

Cooling Central AC

Flooring Vinyl / Linoleum

Exterior

Garage Detached Garage, On Street

Garage Spaces 1.0

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

Roof Type Composition

Present Use Commercial,Multi-Family

Building

Story 2

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Level or Stories 2

Others

Restrictions None

Tax ID 009-0215-026-0000

Security Features None

Special Listing Condition Not Applicable

Listed by Kelly Rivett • Cornish & Carey Commercial

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Pete Ruiz

Agent | License ID: 01974535

peteruiz@kw.com

+1(831) 277-8712

7777 Alvarado Rd, La Mesa, CA, 91942, USA