Downtown multi-tenant mixed use building 729-731 J St 11,209 SF Retail Building Sacramento, CA 95814 $1,900,000 ($169.51/SF) 5.82% Cap Rate

729 - 731 J Street is a quintessential piece of Downtown Sacramento’s urban fabric. Its location is its biggest selling point—nestled right in the "bullseye" of the city’s redevelopment zone and the historic Plaza Park/CBD Historic District.
The Building at a Glance
Type: 2-story, multi-tenant mixed-use.
Size: Approximately 19,200 square feet of total interior space.
History: Originally built around 1910–1911, it retains the classic early-20th-century architectural character (often associated with the Craftsman or early commercial styles) that defines much of the J Street corridor.
Prime Location
You mentioned it’s within 3 blocks of the California State Capitol, but it’s also perfectly positioned between several other major landmarks:
Golden 1 Center & DOCO: Just two blocks away, making it a high-traffic area for Kings fans and concert-goers.
The Kay (K Street): It sits adjacent to the K Street Mall, benefiting from the heavy foot traffic of the downtown pedestrian corridor.
Transit Access: It is essentially steps away from the 8th & K Light Rail station, providing easy access for commuters across the Sacramento region.
Current Use
The building functions as a mix of retail and office space.
Ground Floor: Most locals recognize the street level by its long-standing tenant, Subway (at 731 J St), along with other retail/service storefronts.
Upper Floor: The second floor typically houses creative office suites, often used by lobbyists, legal professionals, or boutique firms who need to be within walking distance of the Capitol and City Hall.
If you're looking at this for investment or leasing, keep in mind that this stretch of J Street is part of the C-3-SPD (Central Business District) zoning, which allows for some of the highest density and most flexible uses in the city.