CONTACT US. FOR SALE High Identity Midtown Retail Space. Rick Martinez Lic.
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1 CONTACT US Rick Martinez Lic CBRE, Inc. 500 Capitol Mall, Suite 2400 Sacramento, CA T F
2 DEMOGRAPHICS (2015 est.) Population 1-mile radius 22,773 3-mile radius 130,658 Average Household Income 1-mile radius $55,657 3-mile radius $65,131 Median Household Income 1-mile radius $37,114 3-mile radius $44,786 Daytime Employment (3-mile radius) Employees 183,161 MAPS NOT TO SCALE. Significant Employers (3-mile radius) Employers Department of Transportation UC Davis Medical Sutter Memorial Hospital Air Resources Board Testing Office Municipal Services Agency Mercy General Hospital Corrections Department Department of Conservation Environmental Protection Agency Sacramento Bee Source: Nielsen Traffic Counts 16th Street (2014 Est.) T Street (2001) Source: City of Sacramento; MPSI # Employees 20,000 6,000 5,000 3,500 2,500 2,200 2,000 2,000 2,000 1,500 27,112 ADT 5,127 ADT
3 Property INFORMATION APN: & Total Size (Lot & ): Lot Size: Size: Zoning: Possible Uses: Asking Price & Terms: Condition: Description: ±.15 acre (±6,434 sq. ft.) ±.07 acre &.08 acre (vacant) ±2,900 Sq. Ft. C-2-NC (General Commercial, see below for definition) Office, Retail, and Service establishments; Redevelopment Opportunity Please inquire with broker Site has existing building and parking lot area Key assembled/vacant property on highly visible 16th Street 1918 & th Street is a ±2,900 square foot freestanding building and adjacent lot located on a ±.15 acre parcel. The property is located in the densely populated area of Midtown Sacramento s trendy livework-play area. Excellent daytime population surrounds the site due to its proximity to the state Capitol and government offices. This site will further benefit from the urban re-development occurring throughout the Downtown/Midtown area, specifically along the R Street corridor. Positioned directly east of Downtown, Midtown has long been known as the city s center of arts, entertainment and culture. This reputation coupled with an abundance of dining, bars and nightclubs has made it a desired housing location for Sacramentans with its appeal to both trendy and traditional. Developers have taken note, resulting in numerous highdensity residential and mixed-use projects currently underway including: Sutter Medical expansion (completed), Whole Foods, Ice Blocks (proposed), and Eviva (under construction) to name a few. The subject property is currently occupied by a hydroponics tenant on month-to-month lease, and is an excellent opportunity for an investor or owner/user re-development. Property HIGHLIGHTS + + ±2,900 sq. ft. freestanding building and adjacent lot + + Two parcels, total ±.15 acre lot + + Flexible Retail/Commercial zoning + + Located on busy 16th Street + + Excellent access and visibility (a major arterial to/from downtown) + + Access to Business 80/Capital City Freeway via Highway Access to Interstate 5 via Richards Boulevard + + Strong traffic counts and benefits from high daytime population due to proximity and access to/from Sacramento s very active Downtown + + Rare Downtown/Midtown Opportunity Zoning C-2: General Commercial Zone: This is a general commercial zone which provides for the sale of commodities, or performance of services, including repair facilities, offices, small wholesale stores or distributors, and limited processing and packaging. Good examples are a small neighborhood hardware store or a corner market. NC: Neighborhood Corridor Overlay: Used in the Central City area to encourage the development of new housing in specified general commercial (C-2) zoned corridors.
4 PARCEL MAP CONTACT US Rick Martinez Senior Vice President Lic NOT TO SCALE ALL DIMENSIONS ARE APPROXIMATE CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United s and other countries. All other marks displayed on this document are the property of their respective owners
5 ±2,900 Sq. Ft. ±.15 acre Land (±6,434 Sq. Ft.) ,441 ADT 4,239 ADT
6 ICE BLOCKS A 3-block redevelopment into retail, commercial, and residential space
7 7TH STRE 12TH STREET Railyard Redevelopment Area (planned mixed-use development) 16TH STREET Governor's Village E STREET F STREET Sheriff Dept. G STREET 1111 G St. Exec G St Esquire L St. L St L St Hyatt Hotel & Convention Community 1127 Senator 11th St. Hotel K 1414 K Meridian Garage th 1102 Q St Q Q 1101 R St R 1211 R R 1329 O St O St. Garage Waffle Square P STREET John C. Fremont Q STREET th th th Retail 17TH STREET 18TH STREET 1720 L 1712 L 1716 L 1700 L O STREET Fremont Veterans Affairs 1414 Dept. of Education 14TH STREET 12TH STREET Secretary of 11TH STREET Energy Commission Archives 13TH STREET Dept. of Food and Agriculture Westminster th Benvenuti Loft Res S St S St R St. S STREET Benvenuti R STREET S STREET 19TH STREET th St. 501 S St. 401 S St. Franklin D. Roosevelt th 1619 N St. 18TH STREET 400 R St. Employees Q 9th St. R STREET GOVERNMENT & PUBLIC BUILDINGS 16TH STREET 14TH STREET 5TH STREET OFFICE 11TH STREET rd St. Paul R. Bonderson Water Resource Control 1021 R Planned Dept. of Transportation 1001 R 600 Q St Lewis Apts. Legislature th St. Garage 10TH STREET Q STREET Bateson 9TH STREET Dept. Social Serv. 8TH STREET Central Plant 7TH STREET Governor's Square East Apartments Dept. Health Serv. Fire Station 5TH STREET CalPERS rd St. P STREET Retail N STREET O STREET CalPERS Lincoln 400 P St. Water Resources Capitol Athletic Club O St. 5th St L St. CAPITOL MALL East End Complex Lib. Blue Courts Anchor Annex Retail nd St. Capitol Towers/ Bridgeway Towers Apartments Pioneer House Apts. 3RD STREET Capitol Terrace Condominiums Employment Development Department 6TH STREET Crocker Art Museum 4TH STREET Board of Equalization Governor's Square West Apartments East End Complex Library/ Courts Stanford/ Lathrop Memorial Home East End Complex of Department Health Services New Safeway Market & Retail Employment Development Department N STREET Crocker 1700 CAPITOL MALL STATE CAPITOL Employment Development Department Sutter Medical TH STREET Sutter Personnel Club Education Federal Capitol Capitol Mall Mall East End Complex Department of Health Services Jesse Unruh CAPITOL MALL Wells Fargo 400 Capitol Mall 300 Capitol Mall J STREET Res. 16TH STREET 770 L St. 15TH STREET Union Bank 621 Capitol Mall Five Fifty Five 455 Capitol Mall One Capitol Mall L STREET th 806 L 1600 L STREET YWCA K STREET Retail th St Sterling Hotel 1314 H St. Convention Memorial Auditorium J STREET TH STREET 15TH STREET Pacific Bell Mixed Sheraton Hotel 1204 Mixed Use Dept. of Justice Jing St TH STREET City Serv. Old Governor's Mansion I STREET th 1201 Clarion Hotel H STREET Grnd Flr Mixed K925 St. Cathedral Office Dwntwn 12th Cathedral St. Holiday Inn Express Elks Tower 1234 H St. 13TH STREET Mason. Temp. 12TH STREET th th Best Western 11TH STREET 9TH STREET 8TH STREET Midtwn Athletic Club K STREET th St. 801 Cal EPA Caesar Chavez G St th St. City Hall Forum Macy's 1000 G St. Golden 1 Arena Downtown Shopping Mall 906 G St. Youth Hostel City Hall Annex 800 J Street 818 K 830 K Holiday Inn Library & Galleria 980 9th St. Court th St th St th Post Office 717 K 731 K Sanwa 629 Bank J STREET City Police 800 K 802 K Riverview Apts. Hotel Corporate Centre 501 Jail I STREET 7TH STREET Chinatown Village Wong 5TH STREET 3RD STREET Vagabond Inn California Fruit OLD SACRAMENTO Tourist Area 2ND STREET FRONT STREET Delta King Federal Courthouse 800 H St. Administrative 710 J Railroad Museum Sacto. History H STREET 813 6th St. 6TH STREET Existing Railroad Station Sacramento Courthouse 10TH STREET PG&E SMUD I STREET BRIDGE Sacramento Theatre Company G STREET Embassy Suites lifornia ent of ervices FOR SALE ICE BLOCKS RETAIL HOTEL, CONVENTION & ENTERTAINMENT RESIDENTIAL PARKING & MIXED USE LIGHT RAIL LINE BUILDING PARKING SACRAMENTO ARENA, UNDER CONSTRUCTION December 9, 2014 SACRAMENTO OFFICE 500 Capitol Mall, Suite 2400 Sacramento, CA
8 NEARBY RESTAURANTS CALIFORNIA STATE CAPITOL
9 SUTTER MEDICAL CENTER ICE BLOCKS 16 th STREET CALIFORNIA STATE CAPITOL R STREET CORRIDOR J STREET GOLDEN 1 ARENA CAPITOL MALL
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