Address
3000 T Street, Sacramento, CA
Price
$ 1,275,000
Property Attributes
- MLS#223089784
- TypePending
- CountySACRAMENTO
- CitySacramento
- AreaSacramento
- Zip95816
- StyleOffice
- Price$ 1,275,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage7874
- Lot Size12,798 SqFt
Data Source:
MetroList MLS
Property Description
3000 T Street is an approx. 7,880 SF two-story office building situated at the corner of 30th and T Streets, just adjacent to the Business 80 on/off ramps. The building is comprised of ten small office suites ranging from 300-1,800 SF. The property is currently 55% leased to six month-to-month tenants paying an average rent of $1.16 PSF fully serviced, which is about $.50 PSF less than market rent for comparable office space. The property is a true value-add office investment whereby rents and occupancy can be increased with cosmetic improvements and active leasing strategies. The property can also accommodate an owner-user in all or a portion of the building upon closing. The building is situated on a 12,800 SF lot that extends from T Street to Tomato Alley with 160 feet of frontage along 30th Street. The proposed 2040 General Plan would change underlying zoning to Residential Mixed Use with a FAR of 4.0, which would allow a 52,000 SF building on the site. Therefore, the property is also a unique covered land play whereby carry costs are offset by the existing office building rent until construction and debt costs will allow a new development on the entire site. Priced at $1,275,000 which is $161 PSF on the building and $99 PSF on the land
| Price History | |
|---|---|
| 9/18/2023 | Listed $1,275,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central |
| Cooling | Central |
| Utilities | Master Gas Meter,Master Water Meter |
| Roof | Flat |
| Construction Materials | Frame,Wood |
| Year Built | 1981 |
| Electric | Separate Electric Meter |
| Tenant Pays | Other |
| Loading | None |
| Property SubType | Office |
| Location | Public Transportation Nearby,Freeway Nearby,Light Rail Nearby |
| Business Type | Other |
| County | Sacramento |
| Property Type | CommercialSale |
| Building Features | Other |
| Close Price | 0.0 |
| Status | Pending |
| Directions | Located at the corner of 30th and T Street. On-site parking is open. |
| City | Sacramento |
| Buyer Agent Compensation | 2.5 |
| Zoning Description | Residential Office |
| Total Units | 10 |
| MLS Area | 10816 |
| Lot Size Square Feet | 12798.0 |
| Street Name | T |
| Ok to Lease | Month To Month |
| Standard Status | Pending |
| Year Built Source | Assessor Auto-Fill |
| Buyer Agent Compensation Type | Percent |
Interior Features
| Flooring | Carpet,Vinyl |
|---|---|
| Office Area | 7874 |
| Street Suffix | Street |
Exterior Features
| Parking Features | Open,Private |
|---|---|
| Water Source | Public |
| Total Parking | 20.0 |
| Building Area Total | 7874.0 |
| Lot Size Acres | 0.2938 |
| Lot Size Source | Assessor Auto-Fill |
| Parking Ratio | 0.0 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 95816
Price
Visits
Year Built
Walkscore
All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data maintained by MetroList© may not reflect all real estate activity in the market.
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MetroList CA data last updated: May 18, 2024 12:06 PM UTC 