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1422 28th St

3,588 SF Retail Building Sacramento, CA 95816 £1,369,288 (£382/SF)

Investment Highlights

  • Prime Location
  • Great Floor Plan
  • Ideal for Owner User or as Investment

Executive Summary

This is a prime investment opportunity located in a great location on 28th St with just a few blocks from Sutter Hospital & Fort Sutter Hotel. A very popular local Paragary's restaurant located across the street bringing extra desired traffic to this location. The building has gained a lot of attention after minimalist style modernization with local business owners who have expressed interest in relocating here but the Seller is hoping to sell this to an owner operator due to the current floor plan which would be ideal for that purpose allowing for 50% occupancy and SBA financing. There are several leases in the works which are to be finalized within weeks.

Financial Summary (Pro forma - 2024)

Annual Annual Per SF
Gross Rental Income £117,912 £32.86
Other Income - -
Vacancy Loss - -
Effective Gross Income £117,912 £32.86
Taxes £17,116 £4.77
Operating Expenses £19,561 £5.45
Total Expenses £36,677 £10.22
Net Operating Income £81,235 £22.64

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual £117,912
Annual Per SF £32.86
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £117,912
Annual Per SF £32.86
Taxes
Annual £17,116
Annual Per SF £4.77
Operating Expenses
Annual £19,561
Annual Per SF £5.45
Total Expenses
Annual £36,677
Annual Per SF £10.22
Net Operating Income
Annual £81,235
Annual Per SF £22.64

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,588 SF
Building Class
C
Year Built/Renovated
1969/2024
Price
£1,369,288
Price Per SF
£382
Tenancy
Multiple
Number of Floors
1
Building FAR
0.55
Land Acres
0.15 AC
Zoning
C-2 (SPD) - Commercial - Special Planning District
Parking
8 Spaces (2.23 Spaces per 1,000 SF Leased)
Frontage
50 ft on 28th St

Amenities

  • 24 Hour Access
  • Freeway Visibility
  • Tenant Controlled HVAC
  • Accent Lighting
  • Recessed Lighting
  • Air Conditioning
  • Fiber Optic Internet

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • A
  • 1,270 SF
  • Retail
  • -
  • Now

Great retail location that can accommodate most small businesses with easy access and visibility. Convenient lay-out with Private parking .

  • B
  • 840 SF
  • Retail
  • -
  • Now
  • C
  • 888 SF
  • Retail
  • In-Line
  • Now

Great visibility on 28th St. Unit is currently used as a spa and has a perfect set-up for any similar services. Could be combined with other spaces for owner user purposes.

Space Size Space Use Position Available
A 1,270 SF Retail - Now
B 840 SF Retail - Now
C 888 SF Retail In-Line Now

A

Size
1,270 SF
Space Use
Retail
Position
-
Available
Now

B

Size
840 SF
Space Use
Retail
Position
-
Available
Now

C

Size
888 SF
Space Use
Retail
Position
In-Line
Available
Now

A

Size 1,270 SF
Space Use Retail
Position -
Available Now

Great retail location that can accommodate most small businesses with easy access and visibility. Convenient lay-out with Private parking .

C

Size 888 SF
Space Use Retail
Position In-Line
Available Now

Great visibility on 28th St. Unit is currently used as a spa and has a perfect set-up for any similar services. Could be combined with other spaces for owner user purposes.

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Walk Score ®
Walker's Paradise (93)
Bike Score ®
Biker's Paradise (99)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Starbucks
The Habit Burger Grill
Citi
Bank of America
Safeway
Club Pilates
Orangetheory Fitness
U.S. Bank
SAFE Credit Union
Chase Bank

PROPERTY TAXES

Parcel Number 007-0271-028 Total Assessment £815,293
Land Assessment £300,913 Annual Taxes £17,116 (£4.77/sf)
Improvements Assessment £514,380 Tax Year 2024

PROPERTY TAXES

Parcel Number
007-0271-028
Land Assessment
£300,913
Improvements Assessment
£514,380
Total Assessment
£815,293
Annual Taxes
£17,116 (£4.77/sf)
Tax Year
2024
  • Akash Lal
    Akash Lal
  • Lal Real Estate & Development
(916) 508-5059

  • Listing ID: 33709764

  • Date on Market: 31/10/2024

  • Last Updated:

  • Address: 1422 28th St, Sacramento, CA 95816

The Retail Property at 1422 28th St, Sacramento, CA 95816 is currently available For Sale. Contact Lal Real Estate & Development for more information.

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1422 28th St, Sacramento, CA for sale Building Photo- Image 1 of 7
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1422 28th St, Sacramento, CA for sale Building Photo- Image 2 of 7
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Interior Photo - Suite D
1422 28th St, Sacramento, CA for sale Site Plan- Image 6 of 7
1422 28th St Floor Plan

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© 2024 CoStar Group

1422 28th St
(916) 508-5059 x

1422 28th St

Akash Lal

(916) 508-5059

(916) 508-5059

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