Map of Property

1000 K St Listing Details & Market Data

1000 K St, Sacramento, CA 95814

  • For Sale $7,500,000
  • Property Type Retail - Restaurant
  • Property Size 29,501 SF
  • Lot Size 0.39 Acre
  • Year Built 1956
  • Date Updated Apr 26, 2024

Turton Commercial Real Estate and Marcus & Millichap are pleased to present the opportunity to purchase 1000 K Street, located in the epicenter of Downtown Sacramento’s K Street Entertainment District and nestled in the heart of the Governmental Affairs District. 1000 K Street, located in a Federal Opportunity Zone, is an architecturally extraordinary, ±29,501 square foot two (2) story building, 100% leased to four (4) of Downtown Sacramento’s most popular and successful restaurant and entertainment tenants.

The property is being offered at $7,500,000 based upon a 7.96% cap rate predicated on a 2023 NOI of $596,997 from rents collected by landlord and a projected 2024 NOI of $714,879 (based upon leases in place) with 9.53% projected cap rate.

Purchased in 2006 as a two (2) story long vacant historic Woolworth’s department store building, the Property has undergone a top to bottom transformation into part of urban Sacramento’s cultural fabric. The Property has been, and is, a highly reliable investment and widely considered to be located at ground zero of Sacramento’s exciting revitalized urban entertainment experience.

1000 K Street is also for sublease.

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Reach out to the broker for more info on lease terms and amenities

Contacts

broker

Scott Kingston

Turton Commercial Real Estate

(916) 573-3309

broker

Matt Axford

Turton Commercial Real Estate

(916) 573-3308

Location

Getting Around

  • Walk Score ®

    Walker's Paradise (99)

  • Transit Score ®

    Good Transit (66)

  • Bike Score ®

    Biker's Paradise (97)
Powered by Walk Score ®
  • City Sacramento, CA
  • Neighborhood Downtown Sacramento
  • Zip Code 95814
  • Market Sacramento

Points of Interest

  • Cathedral Square

    0.05 miles

  • St. Rose of Lima Park

    0.11 miles

  • 8th & K

    0.19 miles

  • 8th & Capitol

    0.24 miles

  • 12th & I

    0.26 miles

  • 7th & Capitol

    0.27 miles

  • 8th & H/County Center

    0.30 miles

  • Archives Plaza

    0.31 miles

  • 7th & I/County Center

    0.31 miles

  • 8th & O

    0.34 miles

  • eVgo

    0.96 miles

  • Arco

    1.03 miles

  • Valero

    1.10 miles

  • One Stop Gas

    1.14 miles

  • Chevron

    1.30 miles

  • Shell

    1.35 miles

  • Arco

    1.37 miles

  • Arco

    1.41 miles

  • Arco

    1.42 miles

  • Shell

    1.45 miles

  • Capitol Garage

    0.04 miles

  • City Hall Parking Garage

    0.16 miles

  • ACE Parking

    0.24 miles

  • Lot D

    0.26 miles

  • County Public Parking

    0.37 miles

  • Public Parking

    0.39 miles

  • Saint Joseph's Jury Parking Lot

    0.41 miles

  • Memorial Garage

    0.41 miles

  • City Lot 297

    0.49 miles

  • East End Garage

    0.50 miles

  • El Santo Cantina

    0.01 miles

  • O Ponto Brazillian Steakhouse

    0.01 miles

  • Mother

    0.04 miles

  • Bud's Buffet

    0.06 miles

  • Blackbird Kitchen + Beer Gallery

    0.11 miles

  • Teriyaki To Go

    0.12 miles

  • La Cosecha

    0.17 miles

  • Frank Fat's

    0.17 miles

  • Upper Crust Pizza

    0.18 miles

  • Tiger Bar + Restaurant

    0.20 miles

  • Macy's Downtown Plaza Sacramento

    0.44 miles

  • Downtown Commons

    0.44 miles

  • Market 5-ONE-5

    0.53 miles

  • Grocery Outlet

    0.57 miles

  • Gold Star Mart

    0.64 miles

  • Safeway

    0.85 miles

  • Asian Food Center

    1.11 miles

  • Raley's

    1.17 miles

  • Target

    1.17 miles

  • Sacramento Natural Foods Co-op

    1.50 miles

Contact 1000 K St