for sale 2419 and 2421 23 street 6/7/2017 m cc ulley b rothers …€¦ · 2419 and 2421 23rd...

Mike CattuzzoSenior Vice President +1 916 617 4269 [email protected] #00671468

400 Capitol Mall, Suite 1800Sacramento, CA main +1 916 288 4800cushmanwakefield.com

Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

FOR SALE

2419 and 2421 23rd StreetSacramento, CA 95815

6/7/2017 McCulley Brothers Complete Automotive Repair Google Maps

https://www.google.com/maps/place/McCulley+Brothers+Complete+Automotive+Repair/@38.5595221,121.483468,101a,35y,90h,39.55t/data=!3m1!1e3!4m5!3m4!1s0x0:0xdc3fdf49185fa265!8m2!3d38.5593768!4d1… 1/3

Imagery ©2017 Google, Map data ©2017 Google 20 ft

McCulley Brothers Complete Automotive Repair




FOR SALE


ASKING PRICE: $1,200,00PRIME CENTRAL CORE OPPORTUNITY

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FOR SALE


Property Description

PROPERTY HIGHLIGHTS

Demographic Overview

Zoning: C-2 Commercial

Local market area: neighborhoods of Land Park, Curtis Park,

Southside Park, Richmond Grove, Newton Booth and portions of

Oak Park (census tracts)

• 12,700 households, about 26,500 population (2010), diverse

• Higher household income than the City, diverse income

distribution.

The Subject Property is located adjacent to what is known as The Broadway Corridor, home to a

variety of businesses, residents, government facilities, industrial centers, and cultural hot spots in

the City of Sacramento. Formerly known as Y Street, Broadway has a rich history and contempo-

rary street vibe that must be preserved and enhanced. The corridor is comprised of three distinct

districts: the Marina District, the Tower District, and the Upper District. While each of these districts

has all of the basic amenities to serve the existing land uses, the corridor lacks the facilities neces-

sary to take full advantage of its potential to become a vibrant mixed-use multi-modal destination.

The subject property is approximately .28 acres in land size (12,493 SF) and consists of 2 parcels

with approximately 6,160 SF of building, 1,560 SF of covered shed roof area along with a concrete

paved, fenced parking/yard area if approximately. This property location offers a prime devel-

opment opportunity for a mixed use commercial-residential development. The Property offers

an excelent opportunity for a brew pub, restaurant, art gallery, or other public gathering space.

The Property is ideally located just off Business Interstate 50 and 80 and also has easy access to

Interstate 99. The property is located in close proximity to major employers like Department of

Motor Vehicles and Sutter General Hospital.

APN SF(Assessor)

Acre(Assessor)

SF(Calculated)

Acre(Calculated) Zoning Current

Use

Parcel #1 010-0223-019 6,303 .14 6,190 .1421

Parcel #2 010-0223-018 6,000 .14 6,303 .1447 C-2 comm

Total 12,303 .28 12,493 .2868

The purpose of the C-2 zone is to provide for the sale of goods; the

performance of services, including repair facilities; office uses; dwell-

ings; small wholesale stores or distributors; and limited processing

and packaging. This is a general commercial zone which provides for

the sale of commodities, or performance of services, including repair

facilities, offices, small wholesale stores or distributors. Good exam-

ples are a small neighborhood hardware store or a corner market or

restaurants, retail outlets, coffee shops, brewpubs, cannabis, and art

gallerys. Height allowances: the maximum height is 65 feet, however

there is a transitional height restrictions if the C-2 zone is within cer-

tain distances of the R-1, R-1B, and R-2 zones. There is no lot coverage

requirement. Minimum and maximum floor area ratios are established

in the general plan and should be referenced in. Ord. 2013-0020 § 1

and Ord. 2013-0007 § 1.




FOR SALE





FOR SALE


The Broadway Corridor

The idea, proponents say, is to transform what has become a dangerous, high-

speed commuter cut-through into a tree-lined, small-town street where people

can ride bikes and restaurants are willing to put tables out for sidewalk seating.

Last year developers poured foundations for the first of what will be 1,000

town homes, bungalows and lofts on a 32-acre former lumber mill site near the

intersection of Interstate 5 and interstate 50-80. The project, called The Mill at

Broadway, is billed as a future home for young adults who want to walk to work

downtown, and for baby boomers who might trade bigger Land Park houses

and yards for a lock-and-leave lifestyle. Sales to date have been very successful

more phases are under construction.

A few blocks east, redevelopment officials and private developers plan to tear

down the World War II-era housing projects known as Marina Vista and Alder

Grove, and replace them with a denser, mixed-income community. The pub-

lic-private group is expected to brief the City Council on its plan later this month.

And restaurateur Randall Selland just opened his upscale restaurant, The Kitchen,

from the suburbs to an old supermarket site across Broadway from the old city

cemetery – a move cheered up and down the corridor. “It was location, location,

location,” Selland said. “Honestly, we have been looking downtown to move The

Kitchen for a couple of years, and really it’s the perfect location for what The

Kitchen is and what people want from it.”

6/6/2017 2450 23rd St Google Maps

https://www.google.com/maps/@38.5596519,121.4828461,3a,60y,133.03h,80.76t/data=!3m6!1e1!3m4!1sSg_K_enUtA0tqzxtvc93zg!2e0!7i13312!8i6656 1/2

Image capture: Jun 2016 © 2017 Google

Street View - Jun 2016

Sacramento, California

2450 23rd St

23rd Street




FOR SALE


The Broadway Corridor

In 2012, the Urban Land Institute’s Sacramento District Council (ULI), in cooperation with

the Greater Broadway Partnership, developed a Vision Plan for the Broadway Corridor.

The Vision Plan included a variety of recommendations for the Broadway Corridor from

pedestrian enhancements, suggestions for mixed-use infill development, and aesthetic

guidelines for each District and the Broadway Corridor as a whole. ULI envisioned

Broadway not only as a Complete Street, but also as a premier pedestrian street.

Currently, the Broadway Corridor is an automobile-dominated arterial with sidewalks

of varying widths, complicated pedestrian crossings, and discontinuous bike lanes cre-

ating a less than optimal environment for anyone attempting to travel without a car.

The City of Sacramento, in collaboration with the Greater Broadway

Partnership, Sacramento Area Council of Governments (SACOG),

Sacramento Regional Transit (RT), the California Department of

Transportation (Caltrans), and the community, is working to refine

the work completed by ULI into a Complete Streets Plan in order to

bridge the gap between vision and implementation. The result of this

effort will be a detailed plan of specific improvements intended to

balance all modes of travel and enhance the Broadway Corridor as a

destination to live, work, and play.

• Balance accessibility for all modes of transportation in

the Broadway Corridor

• Enhance safety and comfort for all modes, especially

pedestrians and bicyclists

• Encourage economic revitalization and reinvestment

along the Corridor

The goals of the Broadway Complete Streets Plan include:

The goal of the Corridor Streets effort is to identify the changes necessary to make this historic Corridor a more inviting and safe place for all users.

for sale 2419 and 2421 23 street 6/7/2017 m cc ulley b rothers …€¦ · 2419 and 2421 23rd...

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