5250 Date Avenue, Sacramento CA, 95841

Active

5250 Date Avenue

Sacramento CA, 95841

$1,025,000

$139.42 per sqft

Active

7,352 sqft

Commercial

Built in 1970

Listed by Kelly Rivett with Cornish & Carey Commercial 4087279600

Newmark, as the Exclusive Advisor, is pleased to present the opportunity to purchase 5250 Date Avenue. This 2-story multi-tenant office building was constructed in 1970 and is comprised of +-7,350 square foot on a 0.93/acre parcel. The building is in immaculate shape, and the grounds are beautifully landscaped with mature trees and shrubs. This freestanding office building contains 10 office suites and is ideal for an investor looking to increase cash flow through lease up or an owner-user looking to occupy and expand into some of the vacant space. Current occupancy is approximately 50% between 5 tenants on short term leases. This vacancy was purposely done, as ownership is in the process of getting plans approved with the County of Sacramento to change the existing office use (LC-General Office) to multi-family (RD-20). This intent would convert the existing office building into 12 market rate apartment units (8-1/1s and 4-Studios), plus the opportunity to build an additional 6 units in a new building on existing land to the immediate east.

ML81960965

MLSⓇ ID

April 11, 2024

Listed

May 9, 2024

Updated

Map

5250 Date Avenue
Sacramento CA, 95841

Interior Features

Total Stories: 2
Fireplace: No
Cooling: Yes
Cooling Description: Central Air
Heating: Yes
Heating Description: Central

Exterior/Building Features

Lot Size: 0.93 Acres
Roof: Tile

Other Property Details

Area Name: 699 - Not Defined
Taxes: $8,320
Tax Frequency: Annually
Days on Market: 27
Garage: No
Parking Total: 30
View: No
County: Sacramento
Water Source: Public
Pool: No
Zoning: LC
Buyer Agency Compensation: 2.5%

Listing Contact: 4087279600

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/9/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 5/9/2024 at 12:38 PM UTC