2601 5th Street
2601 5th Street
Region: Broadway Corridor
Use: Land / Multifamily / Industrial
Lot Size: 2.27 acres
Lease or Sale: Sale
Sale Price: $5,750,000
The Property is a high quality urban infill opportunity within Sacramento’s emerging Broadway corridor in an Opportunity Zone. Prominently situated on the corner of 5th Street and 1st Avenue, the rectangular shaped site consists of six (6) adjoining parcels, combined approximately 2.27 acres of land, 510 feet long by 197 feet wide, and zoned for medium density multi-family residential.
The existing improvements consist of a two-story 30,039 square foot industrial food production facility with cold storage capability, two (2) cold storage freezers with 1.6-1.7 million pounds of total capacity, a saw tooth dock high loading bay, a depressed dock loading bay, numerous grade level roll-up doors, administrative office space, and four (4) sheet metal buildings totaling 29,088 square feet, according to tax assessor records.
Broadway is the next major downtown corridor to modernize now that K Street and R Street in Midtown are maturing corridors, and the Property is in the path of development of several transformational projects. The Property benefits from proximity to new amenities including a beautiful four acre public park, two dog parks, bike paths to the American River Bike Trail, riverfront access and art murals.
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Use: Retail / Office / Restaurant
Lease or Sales: Lease
Leasable SF: 1,035 - 7,143 SF
Lease Rate: $1.50 - 3.25 SF/Month
Use: Office / Retail
Lease or Sales: Lease & Sale
Building Size: ±47,638 SF Sale Price: $21,750,000
Leasable SF: 2,101 - 15,366 SF
Lease Rate: $2.85 SF/Month