1926 Capitol Ave
Sacramento, CA 95811
Infill Development Site · Land For Sale · 0.40 AC

Turton Commercial Real Estate is please to exclusively offer for sale 1926 Capitol Avenue and 1316 20th Street; a two parcel (plus an abandoned public alley) assemblage totaling 17,600 square feet (“SF”) of AAA land located on the corner the most desirable retail development site in Midtown, Sacramento (the “Subject Property” or “Property”).
In addition to its extraordinary location, the property represents a cash-flowing development opportunity in the heart of Midtown Sacramento. Locally referred to as the “Tribute” site, this property is centered on Sacramento’s most valuable urban corridor: Capitol Avenue.
The Subject Property represents a rare opportunity to own a cash flowing investment with future AAA development potential. Located within two blocks of Midtown’s most attractive amenities, the Property is currently used as a neighborhood surface parking lot, generating approximately $100,000 annually and managed by Priority Parking, alleviating ownership of any management responsibility or operating costs. This month-to-month parking agreement provides an investor time to secure entitlements and permits for a targeted development while maintaining a reliable cash flow until the project is shovel ready.
The Subject Property is an assemblage of three parcels: One primary parcel of 12,800 SF on the SW corner of 20th and Capitol Avenue, a second parcel of 3,200 SF, and the final parcel being an abandoned 1,600 SF public alley that conjoins both for a total of 17,600 SF.
From a future development perspective there is no better site In Midtown. The corner location with C-2 zoning is in the heart of the Midtown Grid and highly desirable Handle District. The zoning allows for a variety of development applications, most notably a simple, stand alone retail development of approximately 17,000 square feet.
Based on comparable rents directly adjacent to the property and within easy walking distance on 20th Street, comparable rents for a quality retail building would be approximately $3.75/SF/Month NNN on the corners and $3.50/SF/Month NNN for inline shops.