HIGH IDENTITY MIDTOWN RETAIL SPACE

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1 FOR SALE HIGH IDENTITY MIDTOWN RETAIL SPACE FOR MORE INFORMATION PLEASE CONTACT: Rick Martinez Lic CBRE, Inc. 500 Capitol Mall, Suite 2400 Sacramento, CA T F

2 AREA MAP LOCATION MAP Pacific Ocean N N MAPS NOT TO SCALE FOR MORE INFORMATION PLEASE CONTACT Rick Martinez Lic

3 PROPERTY INFORMATION APN: & Total Size (Lot & ): ±.15 acre (±6,434 Sq. Ft.) Lot Size: Size: Zoning: Possible Uses: Asking Price & Terms: Condition: Description: ±.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 high-density 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 monthto-month lease, and is an excellent opportunity for an investor or owner/user re-development. 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. 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 160 :: Access to Interstate 5 via Richards Blvd :: 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 2015 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. 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. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited

4 AERIAL VIEW OF ±2,900 Sq. Ft. ±.15 acre Land (±6,434 Sq. Ft.) ,441 ADT DEMOGRAPHICS (2015 EST.) Population 1-mile 22,773 3-mile 130,658 Average Household Income 1-mile $55,657 3-mile $65,131 Median Household Income 1-mile $37,114 3-mile $44,786 Daytime Employment (3-mile) Employees 183,161 Significant Employers (3-mile) 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 Employees 20,000 6,000 5,000 3,500 2,500 2,200 2,000 2,000 2,000 1,500 4,239 ADT TRAFFIC COUNTS 16 th Street (2014 Est.) 16,441 ADT T Street (2001) 4,239 ADT Source: City of Sacramento; MPSI

5 PARCEL MAP FOR MORE INFORMATION PLEASE CONTACT Rick Martinez Lic NOT TO SCALE ALL DIMENSIONS ARE APPROXIMATE.

6 ICE BLOCKS A 3-block redevelopment into retail, commercial, and residential space

7 STREET BRIDGE Delta King Sacto. History FRONT STREET Railroad Museum OLD SACRAMENTO Tourist Area One Capitol Mall HIGH IDENTITY MIDTOWN RETAIL SPACE Railyard Redevelopment Area (planned mixed-use development) 2ND STREET Railyard Redevelopment Area (planned mixed-use development) 3RD STREET Vagabond Inn Holiday Inn Existing Railroad Station Wong California Fruit Chinatown Village Downtown Shopping Mall Macy's 455 Capitol Mall 5TH STREET Federal Courthouse Corporate Centre 501 6TH STREET PG&E SMUD H STREET 813 6th St. Jail I STREET Riverview Apts. Sanwa 629 Bank J STREET th St. Golden 1 Arena Five Fifty Five 7TH STREET th St th St. L STREET 621 Capitol Mall E STREET F STREET Sheriff Dept. G STREET Administrative City Police J K STREET Union Bank Retail Education K 731 K Hotel 770 L St. 8TH STREET Governor's Village th 806 L Sacramento Courthouse 800 H St. Post Office Library & Galleria 980 9th St. 801 Personnel 800 9th 800 J Street 800 K 802 K 818 K 830 K L St. Sutter Club 9TH STREET Court Forum City Hall Annex City Hall Caesar Chavez L St. Jesse Unruh 906 G St. Youth Hostel L St. 10TH STREET Exec G St G St th th Cal EPA G St th St TH STREET 1112 Elks Tower 1111 G St. Best Western Mason. Temp. Cathedral Office Dwntwn 12th Cathedral St Senator 11th St. Hotel 12TH STREET 12TH STREET th St th City Serv. Esquire 1234 H St. Sheraton Hotel Hyatt Hotel & Convention 13TH STREET Sterling Hotel 1314 H St. Dept. of Justice J 1325 St. Community G STREET 14TH STREET Convention Midtwn Athletic Club Grnd Flr 1400 K 1414 K Sacramento Theatre Company Mixed Use Pacific Bell Meridian 15TH STREET Holiday Inn Express Clarion Hotel H STREET Old Governor's Mansion I STREET J STREET K STREET Memorial Auditorium Mixed Mixed L STREET East End Complex Department of Health Services 16TH STREET 16TH STREET Res. YWCA East End Complex Department of Health Services 17TH STREET L L St L 1716 L 1720 L 18TH STREET 1801 J STREET Sutter Medical CAPITOL MALL STATE CAPITOL CAPITOL MALL CAPITOL MALL Embassy Suites 300 Capitol Mall Wells Fargo Capitol Capitol 400 Capitol Mall Mall Mall Federal Employment Development Department Employment Development Department Library/ Courts East End Complex 1619 N St. East End Complex Retail nd St. Crocker Crocker Art Museum Capitol Terrace Condominiums rd St. 3RD STREET Governor's Square West Apartments 4TH STREET 400 O St. CalPERS Lincoln 400 P St. CalPERS Board of Equalization th St. Pioneer House Apts rd St. 400 R St. 401 S St. 5TH STREET Governor's Square East Apartments Planned 501 S St. 6TH STREET N STREET Capitol Towers/ Bridgeway Towers Apartments P STREET Central Plant Q STREET 600 Q St Fire Station R STREET S STREET 7TH STREET Employment Development Department O STREET Dept. Health Serv th St. Dept. Social Serv. 8TH STREET Stanford/ Lathrop Memorial Home Capitol Athletic Club Water Resources Energy Commission Bateson 802 Q Garage Retail th St. 9TH STREET Lib. Blue Courts Anchor Annex Garage Paul R. Bonderson Water Resource Control Franklin D. Roosevelt th Retail 10TH STREET Legislature th St. Archives 1001 R Waffle Square Secretary of 1021 R th Loft Res. 11TH STREET Lewis Apts. Dept. of Transportation Employees 1102 Q St R St S St. 12TH STREET Dept. of Food and Agriculture 1209 R Veterans Affairs 1208 Q 1211 R 1232 Q 1225 R 13TH STREET Westminster 1304 O St. Garage 1329 O St. 14TH STREET th th Dept. of Education 15TH STREET N STREET O STREET P STREET Q STREET Benvenuti R STREET Benvenuti 1414 John C. Fremont 1516 R St. S STREET 16TH STREET Fremont th 1629 S St. 17TH STREET th 18TH STREET New Safeway Market & Retail 19TH STREET GOVERNMENT & PUBLIC BUILDINGS OFFICE 5TH STREET 11TH STREET 14TH STREET 16TH STREET 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 CBRE 500 Capitol Mall Suite 2400 Sacramento, CA 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. 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. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited

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