Lioness Building 2224 J St
4,644 SF 95% Leased Retail Building Sacramento, CA 95816 $975,000 ($210/SF) 5.30% Cap Rate




INVESTMENT HIGHLIGHTS
- Prime Midtown location
EXECUTIVE SUMMARY
Great Price Reduction! Prime Midtown location for this almost completely leased, circa 1920 two-story Craftsman with nice bones, and a storied history as the Lioness Bookstore and Sacramento Women's Center. It originally had two shotgun style apartments on the upper floor, which now has 8 private offices, 7 of which are on short-term leases to physical and massage therapists. The Property is currently well-managed by a local professional company. Current first floor long-term tenant recently completely remodeled her space interior and it shows! Long-time owners have done a lot of work on building, including installing a commercial water line, commercial fire sprinklers throughout, and an accessible lift from the street level to the first floor. First floor also has had a new water heater and HVAC unit in 2024. Building has potential upside for an investor or developer to redevelop the second floor back into apartments, and/or install an elevator and possibly add a third story attic apartment suite. This building has more than one Mixed-Use possibility. Check with City for options to explore. Contact Kari Bryski, DRE #01436972 or Perry Arnold, DRE #02204136, (916) 995-7131 for more information.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
$78,000
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$16.80
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Other Income |
-
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-
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Vacancy Loss |
-
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-
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Effective Gross Income |
$78,000
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$16.80
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Net Operating Income |
-
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-
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PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
4,644 SF
Building Class
C
Year Built
1920
Price
$975,000
Price Per SF
$210
Cap Rate
5.30%
NOI
$51,700
Percent Leased
95%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
1.33
Lot Size
0.08 AC
Zoning
C-2-MC - General Commercial
Frontage
40 FT on J St
AMENITIES
- Security System
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Walk Score®
Walker's Paradise (99)
Bike Score®
Biker's Paradise (99)
NEARBY MAJOR RETAILERS










PROPERTY TAXES
Parcel Number | 007-0093-008 | Improvements Assessment | $152,402 |
Land Assessment | $99,428 | Total Assessment | $251,830 |