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1823 14th St
Sacramento, CA 95811
Office Property For Sale

Investment Highlights

  • FOR SALE: Offered at $4,500,000 or $143 per SF, this property represents a compelling opportunity for an owner-user or investor
  • DEVELOPMENT OPPORTUNITY: RMX-SPD zoning that allows up to an 8:1 Floor Area Ratio (FAR), the site allows for up to 153,600 square feet of development
  • FOR LEASE: The entire office building is available for lease at just $1.00 per square foot, NNN
  • EXCELLENT LOCATION: Sacramento's R Street Corridor surrounded by cafes, restaurants, multifamily developments

Executive Summary

Discover the endless possibilities of 1823 14th Street, a versatile and strategically located property in the heart of Sacramento's thriving R Street Corridor. This two-story, 31,266 SF office building sits on a 19,200 SF parcel, offering multiple pathways for investors, owner/users, developers, and tenants to create value.
- FOR LEASE: The entire office building is available for lease at just $1.00 per square foot, NNN. With its generous size and flexible layout, the property is ideally suited for professional, creative, or collaborative office use.
- DEVELOPMENT OPPORTUNITY: With RMX-SPD zoning that allows up to an 8:1 Floor Area Ratio (FAR), the site allows for up to 153,600 square feet of development. Imagine transforming this property into a mixed-use destination that aligns with the growing demand for urban living, retail, and office spaces in Downtown Sacramento.
Location:
Situated in Sacramento’s premier creative and cultural district, 1823 14th Street benefits from an unparalleled location:
- Proximity to the Ice Blocks: Just two blocks from the Ice Blocks, one of Sacramento’s most vibrant mixed-use developments, featuring trendy dining, boutique shopping, and dynamic workspaces.
- Urban Amenities at Your Doorstep: Walking distance to an array of Sacramento’s best restaurants, coffee shops, fitness studios, and entertainment venues.
- Excellent Accessibility: Close to major transit lines, bike-friendly streets, and freeway access, making it convenient for employees, residents, and visitors.
The property’s generous zoning and 19,200 SF parcel provide a unique opportunity to reimagine the space with new construction. Developers can capitalize on the increasing demand for urban residential units, boutique office spaces, and experiential retail concepts.
- Mixed-Use Potential: Combine retail, office, and residential spaces to create a lively urban hub.
- Residential Development: Perfectly positioned for market-rate or affordable multifamily housing projects.
- Creative Redevelopment: Ideal for innovative uses such as coworking hubs, boutique hotels, or creative office campuses.
Why 1823 14th Street?
This property offers the best of all worlds: immediate income potential, a strategic location with high visibility and access, and a blank canvas for long-term development. Whether you're seeking a stabilized asset, a centrally located office building, or a large-scale development opportunity, this property checks every box.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
31,266 SF
Building Class
C
Year Built
1977
Price
$6,198,750 CAD
Price Per SF
$198.26 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
15,633 SF
Slab To Slab
10’
Building FAR
0.77
Lot Size
0.93 AC
Zoning
RMX-SPD - Residential Mixed Use/Special Planning District
Parking
72 Spaces (2.3 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Signage

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 009-0085-027
  • 009-0085-025
Land Assessment
$7,443,186 CAD
Improvements Assessment
$123,824 CAD
Total Assessment
$7,567,010 CAD
  • Listing ID: 34302419

  • Date on Market: 2024-12-27

  • Last Updated:

  • Address: 1823 14th St, Sacramento, CA 95811

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