320 3rd Street

West Sacramento

320 3rd Street

Region: West Sacramento
Use: Retail / Restaurant
Lot Size: 1.026 acres
Lease or Sale: Sale
Sale Price: $3,750,000

316-330 3rd Street in West Sacramento is one of the most notable adaptive re-use projects in West Sacramento, and is now the home to La Crosta Pizza Bar, Edible Pedal Bike Shop, and Devil May Care Ice Cream. Consisting of five retail units and six residential units on 1.026 acres, this property has been completely re-imagined, and is exactly what residents, businesses and their customers crave – authentic and original.

This building is a rare income-producing opportunity to invest into the blossoming West Sacramento. In the Washington District and in nearby Bridge District, there are high-end residential development projects recently completely, with several thousand more units under way.

The mixed-use property is being offered at $3,750,000, which provides an initial unleveraged return of 5.67% with significant potential upside to 8.24% with 3 years. Based upon historic property values and conservative disposition capitalization rates, the pro-forma value is approximately $4,500,000.

The assemblage consists of 100% leased mixed-use retail/residential building approx. 5,520 square feet of high-quality retail, two (2) apartments, and four (4) single-family homes, on 1.026 acres in an Opportunity Zone.

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