3000 T Street Sacramento, CA 95816
3000 T Street is an approx. 7, 880 SF two-story office building situated at the corner of 30th and T Streets, just adjacent to the Business 80 on/off ramps. The building is comprised of ten small office suites ranging from 300-1, 800 SF. The property is currently 55% leased to six month-to-month tenants paying an average rent of $1.16 PSF fully serviced, which is about $.50 PSF less than market rent for comparable office space. The property is a true value-add office investment whereby rents and occupancy can be increased with cosmetic improvements and active leasing strategies. The property can also accommodate an owner-user in all or a portion of the building upon closing. The building is situated on a 12, 800 SF lot that extends from T Street to Tomato Alley with 160 feet of frontage along 30th Street. The proposed 2040 General Plan would change underlying zoning to Residential Mixed Use with a FAR of 4.0, which would allow a 52, 000 SF building on the site. Therefore, the property is also a unique covered land play whereby carry costs are offset by the existing office building rent until construction and debt costs will allow a new development on the entire site. Priced at $1, 275, 000 which is $161 PSF on the building and $99 PSF on the land
- Property TypeCommercial
- NeighborhoodN/A
- CountySacramento
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site62 Days
- MLS StatusPending
- MLS ID Number223089784
- Home Size Source Assessor
- Year Built1981
- Lot Size0.2938 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Frame
- Building Features Other
- Parking OpenPrivate
- Parking Spaces 20
- Sewer Public Sewer
- Number of Stories 00
- Acreage 0.2938
- Water Public
- Zoning Residential Office
- Cross Street 30th Street
- Property Sub Type Office
Interior Features
- Cooling Central
- Heating Central
- Flooring CarpetVinyl
Exterior Features
- Roof Flat
Community Features
- MLS Area 10816
- Building Features Other