1000 K St Sacramento, CA 95814-3830

This exceptional two-story, 29,501 square foot retail building at 1000 K Street in Sacramento, CA (95814), is a prime investment opportunity. Built in 1956 and extensively renovated in 2008, the property boasts a 100% occupancy rate with four established tenants in the heart of Sacramento's K Street Entertainment District, within the Governmental Affairs District and a Federal Opportunity Zone. The building sits on a 16,960 square foot lot (APN: 006-0104-001-0000) and is zoned C-3-SPD. Currently generating a Net Operating Income (NOI) of $580,075.53, resulting in an 8.92% capitalization rate, the asking price is $6,500,000 ($220.33 per square foot). The property benefits from its proximity to numerous amenities, including the Golden 1 Center, numerous office buildings, light rail access, and a variety of retail, restaurants, parks, and entertainment venues. Its location near the renovated Sacramento Convention Center and Community Theater, as well as several large hotels, further enhances its desirability and investment potential. This is a rare chance to acquire a highly profitable, well-located retail property in a thriving urban environment.