Property Details
About this Property
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
MLS Listing Information
MLS #
ME223089784
MLS Source
MetroList Services, Inc.
Commercial Information
# Buildings / # Units
0
Parking Spaces
20
Present Use
Office
Utilities
Water - Public
Interior Features
Flooring
Carpet, Vinyl
Cooling
Central Forced Air
Heating
Central Forced Air
Exterior Features
Roof
Flat
Parking, School, and Other Information
Sewer
Public Sewer
Water
Other, Public
Zoning
Residential Office
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 0 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
3000 T St is a Commercial Sale in Sacramento, CA 95816. This 7,874 square foot property sits on a 0.293 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,075,000 and was built in 1981. This address can also be written as 3000 T St, Sacramento, CA 95816.
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This listing information is up-to-date as of December 04, 2024. For the most current information, please contact Jon Lang, (916) 710-0753
