We are pleased to announce the successful sale of 1423 28th Street in Midtown, which closed after a non-contingent escrow on July 31, 2024. The property features a two-bedroom and one-bathroom residential unit upstairs and a stand-alone retail and workshop space on the ground floor. Over the three-month marketing period, TCRE generated 50+ tours through the building and four offers, and ultimately sold the property to a local investor for $495,000. Interestingly, a nearly identical mixed-use property down the street sold in May for $425,000, so this sale represents an approximate 16% price premium over this comparable building. TCRE leveraged the multiple offers and worked closely with the buyer’s lender and appraiser to achieve this outstanding price. The seller was represented by Jon Lang and Jack Scurfield with Turton Commercial. August – 2024

Turton Commercial is pleased to market for sale 1423 28th Street, a mixed-use investment or owner-user opportunity in Midtown Sacramento. The Property is approximately 2,800 total SF including an approximate 1,250 SF residential unit on the second floor. The residential unit features a large dining and living area, two bedrooms, one bathroom, and outdoor deck. The ground floor of the Property includes a finished storage and/or workshop space with a dedicated bathroom and sink, as well as a stand-alone retail building along 28th Street. The stand-alone retail building measures approximately 300 SF and has access to the rest of the storage and workshop space on the ground floor. The retail building is the perfect space for a local boutique, salon, art studio, or office.