Property Details
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.
MLS Listing Information
MLS #
ML82038992
MLS Source
MLSListings, Inc.
Days on Site
2
Commercial Information
# Buildings / # Units
2 / 2
Parking Spaces
31
Present Use
Food Service
Utilities
Public Utilities, Water - Public
Interior Features
Flooring
Hardwood
Cooling
Ceiling Fan, Other, Window/Wall Unit
Heating
Central Forced Air, Other
Exterior Features
Roof
Composition, Metal
Foundation
Slab
Parking, School, and Other Information
Sewer
Public Sewer
Water
Public
Zoning
C-4
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | 2 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
417-427 Broadway is a Commercial Sale in Sacramento, CA 95818. This 4,876 square foot property sits on a 12,500 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,100,000 and was built in 1937. This address can also be written as 417-427 Broadway, Sacramento, CA 95818.
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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
