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$ 1,350,000
Est. payment | /mo
0.34 Acres Lot
$ 1,350,000
Est. payment | /mo
0.34 Acres Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 225087719
HOA Y/N No
Year Built 1951
Lot Size 0.343 Acres
Acres 0.3428
Property Sub-Type Retail
Source MLS Metrolist
Property Description
Excellent Investment Opportunity in Sacramento! This retail shopping center offers a strong gross potential rental income of $108,600 annually, with current property taxes at $6,004 and insurance at $3,347.00. The offering includes three parcels and four separate addresses: 3308-3310 MLK Jr Blvd (APN: 013-0354-012-0000) 3312-3316 MLK Jr Blvd (APN: 013-0354-013-0000) 3324 MLK Jr Blvd (APN: 013-0354-014-0000) Totaling approximately 0.3428 acres, the 4,283 SF retail center sits on a high-visibility corridor with 92 feet of frontage along Martin Luther King Jr. Blvd. The sale also includes the vacant lot at 3324, with ready-to-build plans approved for a 2,850 SF commercial building, adding tremendous future value. Ideal for investors seeking both immediate cash flow and development upside in a growing Sacramento corridor.
Location
State CA
County Sacramento
Area 10817
Direction Use your favorit GPS.
Location Details Neighborhood,Public Transportation Nearby,Restaurant Nearby,Strip Center
Interior
Heating Central
Cooling Central
Flooring Other
Exterior
Parking Features Fenced
Utilities Available Varies by Unit
Water Access Desc Public
Roof Type Shingle,Tar/Gravel
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 013-0354-013-0000
Special Listing Condition None
Listed by REMAX Dream Homes
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Aaron And Laura Ralls
Realtors | Lic# 01985645