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2525 Jefferson Blvd
West Sacramento, CA 95691
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- OM Available Upon Request - Proposals Due 5:00 PM PST 3/29/2024
- Front of Southport Town Center - Home to Nugget Market and Target - 2.7 Million Annually
- Prime Location in West Sacramento Surrounded by New Multifamily Development
- Iconic and Historic Restaurant, Retail, Reuse or Development Opportunity
- Rare Reuse and Development Opportunity, Including Space for a Significant Outdoor Gathering, Dining and/or Entertainment
- Hard corner of Jefferson Boulevard and Lake Washington Boulevard
EXECUTIVE SUMMARY
All proposals are due no later than 5:00 PM PST Friday, March 29, 2024
On behalf of the City of West Sacramento ("the City"), Turton Commercial Real Estate is pleased to share for sale the historic former Club Pheasant at 2525 Jefferson Boulevard (the "Property"). The iconic site is located on the hard corner of Jefferson Boulevard and Lake Washington Boulevard and maintains the valued corner pad location in front of Southport Town Center including Nugget Market, Target and many other businesses. Annual consumer visits for the shopping center are estimated at 2.7 million annually.
After 87 years of continuous restaurant operation by the Palamidessi family, the City is seeking a visionary infill developer or owner/user to purchase, develop and activate this historic site for future generations. At 93,654 SF, the parcel provides a rare reuse and development opportunity, including space for a significant outdoor gathering, dining and/or entertainment feature(s) that significantly enhances the potential revenue for the tenant(s) occupying the property.
The 2.15 acre parcel is zoned C-2 and is appropriate for various types of use including:
• Retail/Restaurant (9,187 SF of interior space with ± 1,100 SF of patio space)
• Brewery/other food related uses
• Entertainment
• Multifamily mixed-use
• Commercial zoning allows upper story residential with minimum density of 5.1 units/acre and a maximum density of 18 units/acre.
On behalf of the City of West Sacramento ("the City"), Turton Commercial Real Estate is pleased to share for sale the historic former Club Pheasant at 2525 Jefferson Boulevard (the "Property"). The iconic site is located on the hard corner of Jefferson Boulevard and Lake Washington Boulevard and maintains the valued corner pad location in front of Southport Town Center including Nugget Market, Target and many other businesses. Annual consumer visits for the shopping center are estimated at 2.7 million annually.
After 87 years of continuous restaurant operation by the Palamidessi family, the City is seeking a visionary infill developer or owner/user to purchase, develop and activate this historic site for future generations. At 93,654 SF, the parcel provides a rare reuse and development opportunity, including space for a significant outdoor gathering, dining and/or entertainment feature(s) that significantly enhances the potential revenue for the tenant(s) occupying the property.
The 2.15 acre parcel is zoned C-2 and is appropriate for various types of use including:
• Retail/Restaurant (9,187 SF of interior space with ± 1,100 SF of patio space)
• Brewery/other food related uses
• Entertainment
• Multifamily mixed-use
• Commercial zoning allows upper story residential with minimum density of 5.1 units/acre and a maximum density of 18 units/acre.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,187 SF
Building Class
C
Year Built
1912
Price
$4,410,656 CAD
Price Per SF
$480.10 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.15 AC
Zoning
C-2
Parking
120 Spaces (13.06 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
1 of 45
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