Lioness Building | 2224 J St
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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
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)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 007-0093-008 | Improvements Assessment | $152,402 |
Land Assessment | $99,428 | Total Assessment | $251,830 |
PROPERTY TAXES
Parcel Number
007-0093-008
Land Assessment
$99,428
Improvements Assessment
$152,402
Total Assessment
$251,830
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Lioness Building | 2224 J St
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