$6,125,000
$6,395,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
1111 H ST #3RD Sacramento, CA 95814
0.64 Acres Lot
Key Details
Sold Price $6,125,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 222061661
Sold Date 10/12/22
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1950
Lot Size 0.640 Acres
Acres 0.64
Property Sub-Type Office
Property Description
The Offices at Retro Lodge is a two-property urban campus in Downtown Sacramento. 1029 H St is four-story 16,475 gross SF office building on 13,068 SF parcel on NW corner & 1111 H Street is three-story 15,637 gross SF office/retail building on 14,810 SF parcel on NE corner. Predominantly executive style offices enjoying consistently strong occupancy. Tenancy is very stable mix of professional office businesses & retail occupied by Naked Lounge coffee shop. Common area amenities: outdoor patio deck, courtyard, picnic tables, break room lounge, 50 parking stalls. Retro Lodge is incredibly unique well-located portfolio, rare attractive opportunity for value-add investor, owner-user, or entrepreneurial land developer. Offices could be converted back into residential or hospitality uses, or buildings could be demolished for development of high-rise multi-family, mixed-use, commercial office, or hotel. Walking distance to State Capitol, Golden1 Center/DOCO, popular restaurants, & night life!
Location
State CA
County Sacramento
Area 10814
Direction 11th and H
Location Details Downtown,Freeway Nearby,Restaurant Nearby,Shopping Nearby,Hotel/Motel Nearby,Light Rail Nearby
Interior
Heating See Remarks
Cooling See Remarks
Flooring Carpet, Concrete, Linoleum
Exterior
Parking Features Open
Utilities Available Other
Water Access Desc Public
Roof Type Flat
Total Parking Spaces 50
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 002-0156-024-000
Special Listing Condition None
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Bought with Ken Turton, Broker