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Wilson Leung

wilson@theownteam.com +1(650) 280-8888

Listed by Kelly Rivett • Cornish & Carey Commercial, DRE#01249433

$ 3,370,000

Est. payment | -/mo

23,143 SqFt

Save

$ 3,370,000

Est. payment | -/mo

Save

23,143 SqFt

Key Details

Property Type Commercial

Sub Type Restaurant

Listing Status Active

Purchase Type For Sale

Square Footage 23,143 sqft

Price per Sqft $145

MLS Listing ID ML82063130

Year Built 1910

Lot Size 9,465 Sqft

Property Sub-Type Restaurant

Property Description

Newmark, as the exclusive advisor, is pleased to present the opportunity to acquire the Booth Company Building, a fully stabilized,100% occupied mixed-use investment located at 1019-1025 Front Street in Old Sacramento, California. Offered at $3,370,000 and a highly attractive 7% Capitalization Rate, this premier investment opportunity is within the historic waterfront and its surrounding submarkets. Originally built in 1870 and registered as California Historical Landmark No. 607, the building has been meticulously maintained, professionally managed, and extensively remodeled from 1981 to the present day, effectively eliminating the near-term deferred maintenance or heavy capital expenditure typically associated with historic properties. From an investment perspective, the Booth Company Building offers an unmatched risk-adjusted yield and defensive cash flow structure within a highly stable submarket. Featuring a unique architectural layout of three stories over a full basement, the property commands199 feet of continuous frontage directly on Front Street, capturing maximum visibility across from the active waterfront. This prime location houses 4 long-tenured ground-floor retail tenants, and is paired with 7 unique apartment units both on the ground, second, and third floors.

Location

State CA

County Sacramento

Area Sacramento Downtown/Midtown - 10814

Building/Complex Name Booth Company Building

Zoning C-3

Interior

Heating Central Forced Air

Cooling Central AC

Flooring Carpet, Concrete, Hardwood, Tile

Exterior

Parking Features Common Parking Area, Metered or Fee, On Street

Utilities Available Individual Electric Meters, Public Utilities

Roof Type Flat / Low Pitch,Polyurethane,Rolled Composition

Present Use Commercial,Residential,Retail

Building

Story 3

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Level or Stories 3

Others

Restrictions Other

Tax ID 006-0071-057-0000

Security Features Other

Special Listing Condition Not Applicable

Nearby School & Business

+1(650) 280-8888

wilson@theownteam.com

1651 El Camino Real, Millbrae, CA 94030, United States

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1019 Front ST Sacramento, CA 95814