714 14th StreetSacramento, CA 95814

$335,000

  • 0.06

    Lot Size (Acres)

Land MLS 19007235

Rare Downtown Parking Lot for Sale! Lucrative parking income potential with urban infill opportunity in Downtown Sacramento Central Business District. Property is a paved, striped parking lot with 16 tandem parking stalls with alley access. Parking rates in the area: $125-$150 per stall per month. Pro Forma NOI: $21,175. Pro Forma Cap Rate: 6.3 pct. Property is approx. 2,800 sq ft of land, 70 ft by 40 ft, centrally located with proximity to Sacramento Convention Center Complex, Theatre District, K Street, State Capitol, City Hall, County Courthouse. Zoned C-2 General Commercial. Parking is a premium luxury in Downtown Sac. Property provides several options to increase cash flow and enhance the value of the asset. Lot configuration offers possible future infill development of residential units, single family residences, townhomes, and/or duplex apartment & parking.

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Contact Agent
Photo of Claudia Vyhmeister
Claudia Vyhmeister
REALTOR®, ABR
CALBRE# 01393964
(916) 765-9730

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MLS#
19007235
Property Subtype
Commercial Lot
Lot Size
0.06

Zoning


  • C-2

Improvements


  • Fenced
  • Paved

Current Use


  • Commercial
  • Other-Rmks

Probable Use


  • Commercial
  • Multi-Residential
  • Single Family

Road Frontage


  • Public Maintained Rd

Road Surface


  • Paved

Development Status


  • Other-Rmks

Vegetation


  • Other-Rmks

Crops


  • Other-Rmks

Topo-Site Description


  • Lot Regular

Site Location


  • Other-Rmks

Documents Available


  • Other-Rmks

Equipment Available


  • Other-Rmks
Location
County
Sacramento
Area
Sacramento Downtown Midtown
Area ID
10814
Cross Street
G
Structures
Additional Living Unit
No
Schools
Elementary District
Sacramento Unified
Junior High District
Sacramento Unified
Senior High District
Sacramento Unified


 
 
Select a Point of Interest and Radius from the form above.

Mansion Flats, aptly named because it is the home of the Governor’s Mansion, is one of several small neighborhoods in midtown Sacramento – all urban and uniquely alive, yet pleasant with plush trees canopying over charming, older, Victorian-esque homes.

Midtown has been hailed as a beacon for the young and single, as well as empty nesters. It’s nestled between Alkali Flat (which it’s sometimes spoken in conjunction with), Boulevard Park, New Era Park, and J Street, where Capitol Park and downtown begin. 

Mansion Flats’ central location, beautiful homes, vibrant lifestyle and countless boutiques, coffee shops, restaurants, and specialty stores has made it an ideal burg for almost anyone. Muir Park (with water misters, playground and net-climber) is also located in the neighborhood’s confines rounding out its appeal to families.

The Music Circus and Sacramento Theatre are favorites of Sacramentans and visitors alike. Locals favorite haunts include Sandra Dee’s Famous BBQ and Seafood, The Melting Pot, and Shine (a café and music venue), which sits at the hub of the district, 14th and E Streets.

Information and interactive calculators are made available to you as self-help tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

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Courtesy of Ken Turton, Broker

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 2019 MetroList Services, Inc. Based on information from MetroList Services, Inc. View Terms of Use