3000 T Street, Sacramento, CA 95816

$1,275,000
List Price
$1,275,000
MLS#
223089803
Status
PENDING
Acres
0.29
Type
Land
Zip
95816
city
Sacramento
Region
Sac Downtown/Midtown
Property Type
Land

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.

Additional Information

Land Area (Acres)
0.2938
Subtype
Commercial Lot
Zoning
Residential Mixed Use
Current Use
Office
Development Status
None
Vegetation
None
Road Frontage
City Street, Freeway Exposure
Primary Res
None
Additional Living Unit
No
Irrigation
None
Special Conditions
None

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Ken Turton, Broker.

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All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2024 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .

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