Redevelopment Opportunity

Investment Overview

3168 Riverside Blvd is a rare 6,300 SF freestanding retail building positioned in one of Sacramento’s most established and supply-constrained neighborhoods. Originally constructed in 1949, the property sits on a generous 0.35-acre parcel—substantially larger than typical retail footprints in the immediate trade area—and offers exceptional redevelopment and owner-user potential. The site’s Best Location score of 99, the highest achievable in CoStar’s system, underscores the inherent strength of the surrounding residential fabric and its long-term desirability. With immediate frontage along Riverside Blvd, the property benefits from excellent neighborhood visibility and proximity to consistent residential traffic flows. Average rents in the competitive set range from $1.20 to $2.30 NNN, and vacancy is effectively 0% across nearly all peer properties, illustrating how tightly held and consistently absorbed retail space is within this pocket of South Sacramento. Given its infill positioning, generous lot size, and flexible building configuration, the asset is ideally suited for developers seeking a high-income, high-barrier-to-entry location or owner-users targeting a flagship location embedded directly into one of Sacramento’s most coveted neighborhoods.

Investment Highlights

• Premier Infill Location (Score: 99 CoStar) within Sacramento’s most established and affluent neighborhoods.
• High-Income Trade Area with $151K median household income and nearly $1B in local buying power within 1 mile (CoStar).
• Extremely Limited Supply with 0% vacancy across surrounding retail comps and rents ranging $1.60–$2.30 NNN (CoStar).
• Rare 0.35-Acre Parcel offering flexible redevelopment or owner-user opportunities in a high-barrier corridor.
• Strong Visibility & Neighborhood Traffic with 11,500 VPD on Riverside Blvd (CoStar).
• Affluent, Educated Consumer Base with 75% of households earning $75K+ and average incomes exceeding $164K (CoStar).
• Proven Leasing Demand supported by zero local vacancy and quick absorption of quality retail space (CoStar).
• Strategic Positioning Near Major Growth Drivers, including Aggie Square and The Railyards economic expansion.