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2523 J Street, Sacramento, CA 95816
$1,125,000
2523 J Street, Sacramento, CA 95816View this property at 2523 J Street, Sacramento, CA 95816
2523 J StreetSacramentoCA95816
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Property Description
2523 J Street is located in the most popular submarket in the Sacramento region. The Mid-Century Modern building is approximately 5,479 SF and boasts contemporary finishes with a touch of modern character to produce an attractive office and retail environment. Originally built in 1962, the Property has been renovated and modernized and has seven (7) small efficient commercial suites with shared patio space for occupiers' enjoyment. The Property feature seven (7) covered and secured parking stalls. The Property is 100% leased with a strong mix of retail and office tenants who have invested several capital improvements to their suites. Current tenancy includes REALM Tattoo, PLB Skin Therapy, AIM Consulting, and an owner-occupied unit, which combined generates an annual gross income of $121,740. After expenses, net operating income is projected to be $86,772, indicative of a 6.2% capitalization rate on the purchase price.
Full Property Details
Full Property Details for 2523 J St
General
- Sold For: $1,125,000
- Status: Closed
- Type: Commercial
- MLS ID: 223040129
- Added to Site: 385 day(s) ago
Business
- Business Type: Commercial
Interior
- Flooring: Varies by Unit
Additional Information
- Other Features: Multiple Tenant Building, Patio, Restroom(s)-Private, Restroom(s)-Public, Skylight(s), Varies by Unit
Parking
- Parking Features: Covered, Secured, Electric Gate, Fenced
- Parking: Covered, Secured, Electric Gate, Fenced
Location
- Area: 5479
- County: Sacramento
- Cross Streets: 25th & J
- Driving Directions: Travel eastbound on J Street, past 25th Street and on left hand side. Street parking available.
- Location Details: Downtown, Freeway Nearby, Restaurant Nearby, Hospital Nearby, Shopping Nearby, Hotel/Motel Nearby
Heating & Cooling
- Cooling Type: Varies by Unit
- Heating Type: Varies by Unit, See Remarks
Structural Information
- Construction: Concrete, Stucco, Wood
- Roof: Flat
Lot Features
- Zoning: C-2-SPD
Financial Considerations
- Terms: 1031 Exchange, Cash, Conventional
- Tenant Pays: Electricity, Gas, Janitorial Services, Maintenance
- Tenant Expense: Electricity, Gas, Janitorial Services, Maintenance
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by Ken Turton, Broker
Sold by Ken Turton, Broker
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Schools
Schools serving 2523 J St
School District:Sacramento City Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
3919 McKinley Blvd, Sacramento, CA 95819 | K-6 | 1.2 mi | |
3150 I St, Sacramento, CA 95816 | 7-8 | 0.5 mi | |
3066 Freeport Blvd, Sacramento, CA 95818 | 9-12 | 2.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2523 J St
Date
Details
Price
Change
Source
8/28/2023
Sold
$1,125,000
-19.64%
MLS
5/05/2023
Listed
$1,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2523 J Street, Sacramento, CA 95816 (MLS# 223040129) is a Commercial property that was sold at $1,125,000 on August 28, 2023. Want to learn more about 2523 J Street? Do you have questions about finding other Commercial real estate for sale in Sacramento? You can browse all Sacramento real estate or contact a Coldwell Banker agent to request more information.