1700 I Street
Midtown
1700 I Street
Region: Midtown
Use: Retail / Office
Lease or Sale: Sale
Building Size: ±17,418 SF
Sale Price: $3,495,000
Turton Commercial Real Estate is pleased to present the rare opportunity to purchase 1700 I Street, a standalone historic mixed-use property in the heart of Midtown Sacramento. Located in a Federal Opportunity Zone, this architecturally unique building features a ± 17,418 SF two (2) story building, with an adjacent ± 13,199 SF parking lot on a separate parcel.
The Property is being offered at $3,495,000, or a ± $200 per square foot. Currently ± 21% vacant and with some of the existing rents sitting below market, there is a significant upside for potential investor simply by stabilizing the asset; leasing the vacant ground floor space, bringing existing tenants closer to market rents upon renewal, and appropriately monetizing the surface parking will all contribute to a healthier NOI and dramatically improve capitalized value with minimal investment.