601 T Street

Downtown – Southside Park

601 T Street

Region: Downtown
Use: Multifamily / Retail
Lease or Sale: Sale
Building Size: ±2,944 SF
Sale Price: $1,400,000

Turton Commercial Real Estate is pleased to present the opportunity to purchase 100% fee simple interest in 601 T Street ( the “Property”).

This very unique, mixed-use investment opportunity in the heart of the Southside district of Downtown Sacramento is comprised of a 2,944 SF, two (2) story building located on the corner of T Street and 6th Street. The Property consists of 1,610 square foot ground floor retail space occupied by South Side Market. A ten year one month lease began on September 1, 2021 and shall expire September 30, 2031 with the land. The current rent is $3,840.00 with the greater of 2% or CPI annual increases and two (2) five (5) year options to renew at Fair Market Rent.

The upstairs residentials units are comprised of a three (3) bedroom one (1) bathroom apartment and a studio apartment. Both were completely remodeled in 2021 with such luxury finishes as marble, granite, and luxury vinyl plank. The shared patio gives tenants a sublime and serene view of South Side Park. Both units are currently leased.

The ample space provided by the lot affords the possibility of adding two (2) auxiliary dwelling units (draft plans available on request). These will substantially increase both the Property’s income and worth meaning that 601 T Street is a great play for both investment buyers and those searching for value-add opportunities in the GRID.

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