17
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$3,370,000
Est. payment /mo
9,465 Sqft Lot
New
1019 Front ST Sacramento, CA 95814
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82063130
HOA Y/N No
Year Built 1910
Annual Tax Amount $47,708
Lot Size 9,465 Sqft
Property Description
Newmark, as the exclusive advisor, is pleased to present the opportunity to acquire the Booth Company Building, a fully stabilized,100% occupied mixed-use investment located at 1019-1025 Front Street in Old Sacramento, California. Offered at $3,370,000 and a highly attractive 7% Capitalization Rate, this premier investment opportunity is within the historic waterfront and its surrounding submarkets. Originally built in 1870 and registered as California Historical Landmark No. 607, the building has been meticulously maintained, professionally managed, and extensively remodeled from 1981 to the present day, effectively eliminating the near-term deferred maintenance or heavy capital expenditure typically associated with historic properties. From an investment perspective, the Booth Company Building offers an unmatched risk-adjusted yield and defensive cash flow structure within a highly stable submarket. Featuring a unique architectural layout of three stories over a full basement, the property commands199 feet of continuous frontage directly on Front Street, capturing maximum visibility across from the active waterfront. This prime location houses 4 long-tenured ground-floor retail tenants, and is paired with 7 unique apartment units both on the ground, second, and third floors.
Location
State CA
County Sacramento
Area 699 - Not Defined
Zoning C-3
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Roof Type Flat
Present Use Commercial,Residential,Single Family
Building
Story 3
Water Public
Others
Tax ID 00600710570000
Listed by Kelly Rivett Cornish & Carey Commercial #01249433
NEARBY SCHOOL & BUSINESS
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