Turton Markets Retail Properties Near Downtown West Sac for Potential Redevelopment

Just west of West Sacramento’s downtown, retail properties on the market are being touted as potential redevelopment sites.

Turton Commercial Real Estate is marketing 817 and 829-849 Jefferson Blvd. for sale, either separately or as a portfolio.

“The city is very pro-business, pro-development,” said Scott Kingston, a senior vice president with Turton Commercial who’s on the listing. “The city would like to see vertical, mixed-use development.”

Combined, the two properties have just over 2 acres, and 25,380 square feet of existing buildings on them, along with parking.

Between the two properties, a safe company, Chinese restaurant, bridal store and barber shop appear to be among the current tenants. At 1.29 acres, 829-849 Jefferson is the larger of the two addresses, while 817 Jefferson is .58 of an acre.

Kingston said the properties’ current owners, members of the Engstrom family connected to infill retail development company Engstrom Properties Inc., strategically have tenants at the properties on month-to-month leases for flexibility.

A new owner could decide to get longer leases and keep them as retail properties with more stability, or opt for redevelopment, he said. There’s also the option of doing both, keeping the properties as retail for the near term and crafting a redevelopment plan to carry out in the long term, he said.

According to the brochure, current city zoning for the properties would allow 20 to 60 residential units per acre.

The properties are on the northeast corner of Jefferson and Merkley Avenue, while an existing Walgreens to the north, at Jefferson and West Capitol Avenue, appears to be owned by the drugstore chain. That property is not part of the listing.

Turton Commercial is listing 817 Jefferson for $1.8 million, 829-849 Jefferson for $4.8 million, and the entire property set for $6.6 million. Kingston said he’d describe that price as very competitive.

Property records indicate the current ownership has had the properties since the 1990s, collecting them in various transactions for less than $1 million combined.

In addition to Kingston, Ken Turton and Kaylyn Ibarra are on the sales listing.