Map of Property

2400 16th Street

For Lease

2400 16th St, Sacramento, CA 95818

You can currently find 1 retail space(s) available for lease at 2400 16th Street. Designated use type for space listed here includes general office. Current retail listings at this property total 2,695 square feet. Lease type options include Full Service. Expand the listing and property details below for additional information on leasing opportunities at 2400 16th Street.

Space Available For Lease 1

Contacts

broker

Jack Scurfield

Turton Commercial Real Estate

(916) 573-3316

broker

David Khedry

Turton Commercial Real Estate

(916) 573-3303

Property Details

  • Property Type Retail
  • Property Size 13,285 SF
  • Lot Size 0.44 Acre
  • Year Built 1980
  • Date Updated Apr 26, 2024

Highly versatile multi-tenant retail/office building along the high-growth Broadway Corridor. The Property features existing income, and with the one vacant space leased at pro-forma rents, the Property could produce a projected 7.92% annual return.

The Subject Property is a 13,285 SF building configured into 12,091 rentable SF of multiple retail/office suites along with a warehouse space. 10 of the 12 available spaces are occupied and paying rent, allowing for an investor to either occupy or lease up the remaining office and warehouse space.

The Subject Property presents an opportunity for a strategic investor to recognize significant upside from securing existing tenants into long-term, fair-market rent leases, and position the property for a long-term hold or a disposition.

This well-located property is a gateway to Land Park’s Tower District and the Broadway Corridor. The building is prominently situated on the SW corner of the X and 16th Street intersection with traffic counts that capture traffic inflow from Downtown/midtown and the I-80 offramp. Down the block from Tower Cafe, Starbucks, Bank of America, Walgreens, Noah’s Bagels, Chipotle and much more.

2400 16th Street is a crucial connection between the Downtown urban core and the Broadway corridor. Major investments and developments into the corridor continue to transform this area of Sacramento’s urban core. This is a great time to be a part of the momentum.

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Getting around

  • 92/100

    Walk Score ®

  • 54/100

    Transit Score ®

  • 100/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Sacramento, CA
  • Neighborhood Land Park
  • Zip Code 95818
  • Market Sacramento

Points of Interest

  • Broadway

    0.30 miles

  • 16th Street

    0.54 miles

  • 13th Street

    0.60 miles

  • 4th Avenue/Wayne Hultgren

    0.77 miles

  • 23rd Street

    0.78 miles

  • Archives Plaza

    0.83 miles

  • 8th & O

    0.96 miles

  • 8th & Capitol

    1.08 miles

  • Cathedral Square

    1.14 miles

  • 7th & Capitol

    1.15 miles

  • One Stop Gas

    0.03 miles

  • Arco

    0.13 miles

  • Chevron

    0.24 miles

  • Valero

    0.31 miles

  • Arco

    0.43 miles

  • 76

    0.61 miles

  • eVgo

    0.76 miles

  • SMUD

    1.11 miles

  • Valero

    1.18 miles

  • 76

    1.32 miles

  • park

    0.65 miles

  • East End Garage

    0.95 miles

  • Sacramento Natural Foods Co-op Parking

    1.05 miles

  • Capitol Garage

    1.09 miles

  • ACE Parking

    1.22 miles

  • City Hall Parking Garage

    1.27 miles

  • Lot D

    1.28 miles

  • North Lot: Student & Visitor Parking

    1.28 miles

  • Memorial Garage

    1.29 miles

  • Plaza Shopping Garage

    1.40 miles

  • Wings Guys

    0.02 miles

  • Willie's Burgers

    0.04 miles

  • Miso Japanese

    0.04 miles

  • Noah's Bagels

    0.05 miles

  • Chipotle

    0.06 miles

  • Tower Cafe

    0.08 miles

  • Jamba

    0.08 miles

  • Chada Thai Cusine

    0.09 miles

  • Taste of Thai

    0.10 miles

  • Queen Sheba

    0.13 miles

  • Asian Food Center

    0.20 miles

  • Target

    0.24 miles

  • Safeway

    0.51 miles

  • Gold Star Mart

    0.62 miles

  • Market 5-ONE-5

    0.71 miles

  • Grocery Outlet

    0.89 miles

  • Smart & Final

    0.98 miles

  • Sacramento Natural Foods Co-op

    1.07 miles

  • Macy's Downtown Plaza Sacramento

    1.36 miles

  • Downtown Commons

    1.39 miles

2400 16th St Listing Brief

  • A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.

    2400 16th St is located in Land Park, which is home to a total of 6 listing(s). Retail space at 2400 16th Street asks $1.75/SF/MO per square foot.

  • In addition to retail space, the property also includes 1 office space(s). Mixed-use buildings combining office space alongside retail present additional opportunities for steady foot traffic and a potentially loyal customer base.

    For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.

  • You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.

    Knowing your ideal customer is essential. For your consideration, the average age of residents in Land Park is 39. The average household income here is $82,652 per year.

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

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