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2741 Franklin Blvd & 2973 3rd Ave

2 Properties Offered at $3,118,324 CAD in Sacramento, CA

Executive Summary

100% Leased Mixed Use Building and Residential Portfolio
For Sale - 2 properties $2,200,000
2741 Franklin Blvd - 8,707 SF
2973 3rd Ave - 1,044 SF
- Stable Investment opportunity with popular local Restaurant: Pangaea Bier Cafe, Shear Harmony Salon, and 2nd floor Office suites/Apartment Unit.
- Portfolio Sale includes adjacent Residential property @ 2973 3rd Ave.
- Located in the Heart of Sacramento's Curtis Park neighborhood across the Street from Gunther's Ice Cream.
- Close proximity to the new UC Davis Medical Campus, Aggie Square with easy access from Hwy 50, 80, and 99.
- Surrounded by high occupancy residential neighborhood, restaurants and business amenities.
Unique opportunity to own a stable mixed use property with upside in a quaint Curtis Park neighborhood. The primary tenancy is Pangaea Bier Cafe, a restaurant and pub that originally opened in 2008. It was originally called Pangaea Two Brews Cafe, reflecting the founder Rob Archie's idea of having a coffee shop during the day that would turn into a beer pub at night. Archie was inspired by the homey cafes he saw while traveling in Europe, and his love of Belgian and European beers. The cafe is a popular spot for homebrewers and professional brewers to gather and discuss craft beers. Pangaea Bier Cafe offers a selection of beers on tap from California, other states, and regions, as well as a bottle shop with a separate entrance. The cafe has a great selection of beers and an excellent bottle room. Pangaea Bier Cafe also serves food, including happy hour food and staple menu items. The other ground floor tenant is Shear Harmony Salon which has been at this location for over 14 years.
The upstairs is comprised 8 separate suites leased to various office tenants including one apartment unit.

Property Facts

Price $3,118,324 CAD
Price / SF $319.80 CAD / SF
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 9,751 SF
Total Land Area 0.20 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
2741 Franklin Blvd, Sacramento, CA 95818 Retail 8,707 SF - -
2973 3rd Ave, Sacramento, CA 95817 Office 1,044 SF 1920 -
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  • Listing ID: 32594789

  • Date on Market: 2024-07-26

  • Last Updated:

  • Address: 2741 Franklin Blvd & 2973 3rd Ave, Sacramento, CA

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