Home | Sacramento County | Sacramento | 95818 | 417-427 Broadway
MLS: ML82038992 | Status: Active | Price: $1,100,000
Beds/Baths: – / –
Property Type: Commercial Sale
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 4,876 | 12,500 | 1937 |
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.
| Field | Value |
|---|---|
| MLS # | ML82038992 |
| MLS Source | MLSListings, Inc. |
| Days on Site | 14 |
| Feature | Details |
|---|---|
| Flooring | Hardwood |
| Cooling | Ceiling Fan, Other, Window/Wall Unit |
| Heating | Central Forced Air, Other |
| Feature | Details |
|---|---|
| Roof | Composition, Metal |
| Foundation | Slab |
| Feature | Details |
|---|---|
| Sewer | Public Sewer |
| Water | Public |
| Zoning | C-4 |
| Feature | Details |
|---|---|
| # Buildings / # Units | 2 / 2 |
| Parking Spaces | 31 |
| Present Use | Food Service |
| Utilities | Public Utilities, Water - Public |
Kelly Rivett
Cornish & Carey Commercial
License #: 01249433
Phone: (916) 569-2385
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | 2 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 1231 I Street 204 | $895,000 | – | – | 3,331 | PendingDoNotShow |
| 1903 21st St | $1,200,000 | – | – | 4,200 | Active |
| 1730 Capitol Avenue | $990,000 | – | – | 1,789 | Active |
| 1123 D St | $1,000,000 | – | – | 4,613 | Active |
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This listing information is up-to-date as of March 17, 2026. For the most current information, please contact Kelly Rivett, (916) 569-2385.