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Realty Point, Inc.

admin@realtypoint.net +1(916) 936-3930

$1,500,000

Est. payment - /mo

0.86 Acres Lot

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 226123472

HOA Y/N No

Year Built 1978

Lot Size 0.859 Acres

Acres 0.8588

Property Sub-Type Mixed Use

Source MLS Metrolist

Property Description

Exceptional commercial investment, owner-user and redevelopment opportunity on Greenback Lane near Hazel Ave. Situated on approx. 0.86 acres (37,408 SF), 8864 Greenback Ln offers approx. 7,970 SF of existing improvements consisting of a multi-suite office/commercial building plus an automotive service building and yard area. Located within the Greenback Lane Special Planning Area (SPA), GC Subzone, the property offers flexibility for its existing commercial uses while presenting compelling longer-term redevelopment potential. The sizable parcel and prominent Greenback Lane location provide an opportunity for a buyer to benefit from current income and owner-user potential while considering future development possibilities. The office building is currently configured into 5 suites, with the largest suite offering potential for further division. Multiple vacant suites provide an opportunity for an investor or owner-user to renovate, occupy and/or lease additional space. The automotive building and yard provide additional flexibility for service-oriented commercial use. Location is a major part of the opportunity. The property is positioned within an established commercial and automotive corridor near the heavily traveled Greenback Ln/Hazel Ave intersection, with substantial reinvestment occurring nearby. The adjoining property is undergoing redevelopment for an automotive/tire-related business, while additional new commercial construction is underway across the street. A unique opportunity to acquire a sizable Greenback Lane commercial parcel with existing improvements, income and owner-user potential today, along with flexibility for future redevelopment as the surrounding corridor continues to evolve.

Location

State CA

County Sacramento

Area 10662

Direction 80 to Greenback to Property.

Location Details Freeway Nearby,Restaurant Nearby,Shopping Nearby,See Remarks

Interior

Heating Central

Cooling Central

Flooring Unfinished, Vinyl, Varies by Unit, Linoleum, Luxury Vinyl Plank

Window Features Dual Pane Full

Exterior

Parking Features Common Area Shared, Uncovered

Utilities Available Sewer Connected, Internet Available, Natural Gas Connected

Water Access Desc Public

Roof Type Composition

Topography Level

Road Frontage City Street

Building

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Others

Senior Community No

Tax ID 223-0141-008-0000

Special Listing Condition Trust

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Listed by BERKSHIRE HATHAWAY Home Services NorCal Real Estate

Nearby School & Business

Homes Availalbe by Area

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Realty Point, Inc.

+1(916) 936-3930

Real Estate Brokerage CA DRE#02212763

8864 Greenback LN Orangevale, CA 95662

Realty Point, Inc.

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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