417427 Broadway, Sacramento, CA 95818
List Price: $1.1M
Listing Status: Active
0Days on Market: 77
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1937
Lot Size: 12,500 sq ft
Annual Property Tax: $12,100
MLS Number: ML82038992
About This Property
Newmark, as the exclusive advisor, is pleased to present a Pride of Ownership modified leased investment located at 417-427 Broadway, situated in one of Sacramentos most vibrant and electric commercial corridors. Priced at $1,100,000, this opportunity offers a 5.7% Cap Rate and features approximately 80 feet of prime Broadway frontage. The property is anchored by the iconic Jamies Broadway Grille, a local culinary staple providing a stable income stream with 4.5 years remaining on the current lease term. The investment is further strengthened by 3.5% annual rent increases and a five-year option to extend at fair market value, ensuring consistent hedge against inflation and long-term appreciation. The asset is perfectly positioned to capitalize on the massive transformation occurring along the Broadway corridor. With numerous mixed-use developments currently underway and the Broadway Complete Streets project nearing its 2026 completion, the area is evolving into a high-density, pedestrian-friendly hub. This property offers an investor the rare chance to acquire a stabilized, income-producing asset with significant intrinsic value land upside, located in a federal opportunity zone.
Listing provided by: Kelly Rivett DRE #01249433 4087279600 kelly.rivett@nmrk.com, Cornish & Carey Commercial
Source: CRMLS, MLS #: ML82038992
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.