property summary - loopnet · 2019. 3. 20. · include, but are not limited to: soft goods retail,...
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± 1,6 0 0 - 4 ,8 0 0 S F OF CRE AT I V E RE TA IL OR OFFICE S PACE FOR L E A S E ON T HE HIGHE S T T R A FFIC S T REE T IN MID T O W N
I STREET16TH &
817 16th Street is a very rare opportunity for a creative retail, restaurant or office tenant to lease +/- 1,600 – 4,800 square feet along one of urban Sacramento’s busiest thoroughfares with more than 22,000 cars per day.
The building has 16th Street and I Street visibility, has alley access and is surrounded by parking.
The property is currently configured as event space; however, it has the potential to be reimagined by leveraging the impressive roof truss systems. New signage, and space with incredible future potential makes this building highly desirable from a retail or contemporary office perspective. The building also features brick facades, and large glass storefronts along one of the busiest thoroughfares in the city. Potential uses include, but are not limited to: soft goods retail, hair salon, restaurant/cafe, art gallery, coworking space, brewery, coffee shop, creative office and contemporary professional office.
The property is located a stone’s throw from countless amenities, including Mikuni, PF Changs, The Mill Coffee, LowBrau, Burgers and Brew, Starbucks, the Memorial Auditorium, Firestone, Pieology, Squeeze Inn and much more.
This is a truly one of a kind opportunity to lease a freestanding retail storefront building along Midtown’s hottest corridor. Benefit from great identity, a high level of exposure and a city on the rise. It is easy to imagine transforming this space into one of the most desirable buildings in town. Act now and be part of the movement.
P R O P E R T Y
S U M M A R Y16TH STREET. RARE. AUTHENTIC. STUNNING. FREESTANDING. LEASE A ONE-OF-A-KIND RETAIL / OFFICE SPACE ON MIDTOWN’S HIGHEST TRAFFIC THOROUGHFARE
SUITE SIZE: ± 1,600 – 4,800 SF
USE: Retail or Office
P R O P E R T Y I N F O
$2.25/SF NNN
5 On-Site, Additional Stalls Available on a Montly Basis
LEASE RATE:
PARKING:
ADDRESS: 817 16th St, Sacramento, CA 95814
TI’S: Landlord will Amortize TI’s
Midtown Sacramento is the perfect fusion of successful locally owned business and organic youth infused goods and services; a healthy dose of carefully selected national and regional retailers and an eclectic mix of high-end demographic occupations are embedded in a landscape of unique older buildings and mature trees. Business owners, residents and investors have flocked to the center of Sacramento’s art, music, and cultural scene to cash in on the fruitful submarket. Many people consider Midtown to be the most centralized area in the city of Sacramento, with easy access to Downtown, Old Sacramento, West Sacramento and East Sacramento.
The midtown neighborhood has emerged as urban Sacramento’s most popular live, work and play destination. The hubs of this exciting district are the Elliot Building and the MARRS building. The neighborhood features Sacramento’s most successful restaurants and nightlife venues and has an eclectic mix of local restaurants, art galleries, coffee houses and boutiques. The Midtown market has high foot traffic both day and night, and is a hot-spot for those who love to eat and drink, and enjoy many of Midtown’s most popular establishments. While it is an excellent starting location for the popular Second Saturday festivities, this area is home to many additional noteworthy events such as the Midtown Farmers’ Market, THIS Sacramento block parties, PARK(ing) Day, and more.
The property sits in the middle of numerous infill commercial and mixed-use development projects are well under development along the 16th Street corridor, including the future redevelopment of the former Clarion Hotel at 16th and H, the four story future project at 1631 K Street, the remodel of the Memorial Auditorium and Sacramento Convention Center expansion. Developments highlighted in red.
P R O P E R T Y
l o c a t i o nMIDTOWN.LIVE. WORK. PLAY.16TH STREET IS MIDTOWN’S MOST THRIVING CORRIDOR.
MARRSLOW BRAU
BLOCK BUTCHERCOMEDY SPOT
AZULPIZZERIA URBANO
PEET’S COFFEEHEADHUNTERSBADLANDS
FACES
PETE’S RESTAURANTMARIKA CAFE
SUBWAY
JACK’S URBAN EATS
STARBUCKSNOAH’S BAGELS
DOMINO’SJYROS
BUCKHORN GRILLAIOLI BODEGAESPAGNOLAOLD SOULCREPVILLEBRODERICKTHE RIND
MAKE FISH POKE
ZOCALO*58 DEGREES
THE PRESS BISTROFIELDWORK BREWINGPUSHKIN’S BAKERY
19J DEVELOPMENT
OLD SOUL COFFEE
ELLIOT BUILDINGMIKUNI
PF CHANGS
STATE CAPITOL
21ST
JST
IST
THE PROPERTY
16th CLARIONDEVELOPMENT
LUCCA
OFFICE MAX
BURGERS& BREW
GOLDFIELDSBEVMO
1631 K DEVELOPMENTCVS
GOLDEN 1 CENTER
BREAD STORE
STREETS OF LONDON
SAWASDEE
SPAGHETTI FACTORY
AVISALLURE SALON
HACKER LAB
ACE HARDWARE
THE MILL
WONDERFUL UNION
MULVANEY’SCHIPOTLEDEVINE
MELTING POTREPUBLIC
MIKE’S BIKES
16TH &DEVELOPMENT
MEMORIAL AUDITORIUMRENOVATION
CONVENTION CENTER EXPANSION
Included Parking - 5 Stalls
Available Montly Parking
THE BUILDING
IST
16th
S I T E
p l a n
CREATIVE OFFICE OR RETAIL SPACE
5 PARKING STALLS
GLASSROLLUP DOOR
GLASSROLLUP DOOR
METALROLLUP DOOR
METALROLLUP DOOR
PATIO
I STREET
16TH
STR
EET
60’
80’
DEMISING WALL - CAN BE REMOVED
LOFT RESTROOM
PARKING LOT
SIGN
AGE
AVAI
LABL
E - V
ISIB
LE T
O BO
TH 16
TH &
I ST
REET
S
© 2019 This information has been secured from sources believed to be reliable. Any projections, opinions, assumptions or estimates used are for example only and do not constitute any warranty or representation as to the accuracy of the information. All information should be verified through an independent investigation by the recipient, prior to execution of legal documents or purchase, to determine the suitability of the property for their needs. Logos and/or pictures are displayed for visual purposes only and are the property of their respective
owners.
2409 L STREET, STE 200, SACRAMENTO, CA 95816916.573.3300 TURTONCOM.COM
SCOTT KINGSTONVICE PRESIDENT
D.R.E. LIC. 01485640916.573.3309
AARON MARCHANDVICE PRESIDENT
D.R.E. LIC. 01711650