www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
27425240
27425250

2 Locations For Sale

KT
CA 01219637
Turton Commercial Real Estate
DK
02063469, CA 02063469
Turton Commercial Real Estate
Listed by Turton Commercial Real Estate
Unpriced
285 days on market
Updated 14 days ago

2407 J & 2408 I Street

Details
APN 007-0032-022-0000,007-0032-007-0000
Property Type Retail, Office (+1)
Sub Type Storefront, Commercial (+1)
Square Footage 21,538
Cap Rate 3.15%
NOI $189,000
Tenancy Multi
Brand/Tenant Rick's Dessert Diner, Cook Brown LLP (+1)
Lease Type NNN
Pro-Forma Cap Rate 8.27%
Pro-Forma NOI $496,000
Price per SqFt $279
Year Built 1900
Year Renovated 2024
Buildings 1
Stories 3
Lot Size (SqFt) 6,400
Zoning R3
Parking Spaces 11 spaces
Parking per 1,000 SqFt 0.51
Investment Type Owner/User

Retail | 3.15% CAP | 21,538 SqFt

Marketing description

Turton Commercial Real Estate is pleased to offer 2407 J Street and 2408 I Street for sale or lease. 2407 J Street is a partially leased, three-story, 21,538 square foot ("SF") mid-century modern building constructed of concrete, and glass. 2408 I Street is 6,400 SF land parcel zoned R3 and entitled for up to 30 residential units.

2407 J Street was designed by Starks, Nacht and Lewis Architects, and built in 1961, as a state of the art building in what is now known as the midcentury modern style. Since that time the building has seen many positive renovations and improvements to make it one of Midtown Sacramento's most unique and appealing mixed-use, retail and creative office buildings.

Located prominently in the heart of the "Midtown Grid" on the hard corner of 24th and J Streets, one of Midtown's most visible and commerce-heavy corners, the Property represents an excellent example of commercial mixed-use within the urban core.

2407 J Street features a combination of retail and office tenants, in tandem with a generous amount of on-site parking, diversifying the building's income and creating a more secure investment.

corners, the Property represents an excellent example of commercial mixed-use within the urban core.
2407 J Street features a combination of retail and office tenants, in tandem with a generous amount of on-site parking. diversifying the building's income and creating a more secure investment.

The Building is approximately 21,538 square feet divided among three floors, and features both surface and underground parking, very rare to find in Midtown Sacramento.

The building has had several notable capital improvements: First, the two elevator cabs (the building features two elevators) and motors have been entirely replaced (an estimated $250,000-$350,000 expense). What's more, building ownership installed elevator key codes to ensure maximum security for tenants on every floor. The common areas have all been renovated with Class A finishes ($150.000 expense). The building features a keyfob and camera security system that extends to the elevator, providing security to all tenants in the building.

Turton Commercial Real Estate is pleased to offer 2407 J Street and 2408 I Street as an assemblage for sale or lease. 2407 J Street is a partially leased, three-story, 21,538 SF mid-century modern building constructed of concrete, and glass. Located in the heart of the “Midtown Grid” on the hard corner of 24th and J Streets, one of Midtown’s most visible and commerce-heavy corners, the Property represents an excellent example of commercial mixed-use within the urban core.

The offering also includes 2408 I Street, a 6,400 SF parcel of land that extends from I Street to the alley, and is currently paved for parking up to 11 regular-sized vehicles. 2408 I Street is zoned R3 and entitled for up to 30 residential units.

The Building also has had several notable capital improvements, including two elevator cabs and its motors and class A finishes to the common areas.

2407 J Street: 21,538 SF, standalone building with surface and underground parking

2408 I Street: 6,400 SF, separate parcel with development potential

Investment highlights

  • Located in the heart of the 'Midtown Grid' on the hard corner of 24th and J Streets
  • 21,538 SF mid-century modern building constructed of concrete and glass
  • 2408 I Street: 6,400 SF parcel of land with development potential, entitled for up to 30 residential units
  • Two elevator cabs and motors
  • Class A finishes to common areas
  • Surface and underground parking

Listing Contacts

KT
CA 01219637
Turton Commercial Real Estate
DK
02063469, CA 02063469
Turton Commercial Real Estate
Listed by Turton Commercial Real Estate

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$189,000.00
$15,750.00/mo

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591