1201 R St Local commercial 106 m² 100 % Loué À vendre Sacramento, CA 95811 2 561 100 € (24 181,97 €/m²)

PDF powered by eXp Commercial is pleased to present this premier urban infill development opportunity in the heart of Midtown Sacramento. Comprising approximately ±15,000 square feet of Residential Mixed Use (RMX) zoned land across three addresses and four parcels, the property offers a rare chance to pursue vertical mixed-use or multifamily development in one of Sacramento’s most vibrant and sought-after corridors. The offering benefits from immediate in-place income from long-term tenants, helping to offset holding costs while the buyer pursues entitlements and development planning. The property features a newly executed lease with Twisted Track Station, a popular upcoming local restaurant, commencing January 1, 2025, at $7,000 per month with 3% annual increases and two (2) five-year renewal options. Additionally, the on-site duplex is fully leased, providing supplemental residential rental income. Ideally positioned in Midtown Sacramento, the property enjoys exceptional walkability, a diverse residential base, and proximity to the State Capitol, Golden 1 Center, and the region’s major transportation networks.