3000 T ST Pending Save Request In-Person Tour Request Virtual Tour
Sacramento,CA 95816
Key Details
Property Type Commercial
Sub Type Commercial Lot
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 223089803
Lot Size 0.294 Acres
Property Description
Unique covered land play on the corner of 30th and T Street in East Sacramento. 7,880 SF two-story office building situated on a 12,800 SF corner lot that extends from T Street to Tomato Alley. 160 feet of street frontage and a curb cut along 30th Street. Existing office building is 55% leased to 6 month-to-month tenants paying a combined gross rent just under $5k per month. Property is currently zoned Residential Office, but proposed 2040 General Plan will change zoning to Residential Mixed Use and increase FAR to 4.0, which allow an approx. 52,000 SF building on the site. Therefore, the rent from commercial building will offset carry and ownership costs while you plan your new project on the site. Once approved and shovel ready, demolish the building and start to develop. Priced at $1,275,000 which is approximately $99 PSF on the land.
Location
State CA
County Sacramento
Area 10816
Zoning Residential Mixed Use
Exterior
Utilities Available Public,Water Connected,Natural Gas Connected
Building
Lot Description Corner
Sewer Public Sewer
Water Public
Schools
Elementary Schools Sacramento Unified
Middle Schools Sacramento Unified
High Schools Sacramento Unified
School District Sacramento
Others
Special Listing Condition None