2400 5th Street
2400 5th Street
Region: Broadway Corridor
Lot Size: 0.54 acres
Lease or Sale: Sale
Sale Price: $975,000
Turton Commercial is pleased to present a high quality urban infill opportunity along Sacramento’s emerging Broadway Corridor. 2400 5th Street is 23,520 square feet of C-4 Zoned land centrally located with proximity to Downtown and surrounded by new and/or proposed developments.
On the cusp of Land Park and Southside neighborhoods but soon to be a destination all its own, Sacramento’s East Marina district, as a portion of the Broadway Corridor, is coming alive. Several key investment/developments have been made nearby and the path of progress is beginning to accelerate. The street improvement program, the Broadway/WestSac Bridge, development of high end residential projects along the cooridor and new retail/restaurant amenities are all helping to breathe new life into this iconic boulevard.
The subject property is surrounded by new developments. Immediately adjacent to the subject property is a Grupe / SKK two phase development that will include 59 multifamily that are scheduled for the first phase and a storage facility scheduled for the second phase.
Only a few blocks away is The Mill at Broadway development, a master planned development that is bringing 1,000 new urban homes, a beautiful 4AC park, an on-site public market and exciting street art.
Across the street and underneath the freeway is the weekend Farmer’s Market that draws thousands of local residents and is one of the largest in the country.
This is a high quality urban infill opportunity. Active developments, nearby amenties, proximity to Downtown, convenient access to major thoroughfares as well as walking distance to the Sacramento River. Additionally, the seller is reasonable and welcoming all offers for consideration.
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Use: Retail / Office / Restaurant
Lease or Sales: Lease
Leasable SF: 3,162 - 7,143 SF
Lease Rate: $1.50 - 3.50 SF/Month
Lot Size: 2.56 acres
Lease or Sales: Lease & Sale
Sale Price: $17,000,000