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Lioness Building 2224 J St

4,644 SF 95% Leased Retail Building Sacramento, CA 95816 $1,100,000 ($237/SF) 4.70% Cap Rate

Executive Summary

Prime Midtown location for this almost completely leased, circa 1920 two-story Craftsman with great 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.

Financial Summary (Actual - 2024)

Annual Annual Per SF
Gross Rental Income $78,000 $16.80
Other Income - -
Vacancy Loss - -
Effective Gross Income $78,000 $16.80
Net Operating Income - -

Financial Summary (Actual - 2024)

Gross Rental Income
Annual $78,000
Annual Per SF $16.80
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $78,000
Annual Per SF $16.80
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,644 SF
Building Class
C
Year Built
1920
Price
$1,100,000
Price Per SF
$237
Cap Rate
4.70%
NOI
$51,700
Percent Leased
95%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
1.33
Land Acres
0.08 AC
Zoning
C-2-MC
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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Peet's Coffee
The Old Spaghetti Factory
Starbucks
Club Pilates
Chase Bank
Grocery Outlet
9Round
The Melting Pot
Wolfgang Puck
Curves

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
007-0093-008
Land Assessment
$99,428
Improvements Assessment
$152,402
Total Assessment
$251,830
  • Listing ID: 33989951

  • Date on Market: 11/24/2024

  • Last Updated:

  • Address: 2224 J St, Sacramento, CA 95816

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