With over 427,000 annual visits*, 1415 L Street, famously known as Meridian Plaza, stands as one of the most bustling and prominent retail opportunities in Sacramento’s urban core market. Just two blocks away from the iconic California State Capitol building and nestled near Downtown’s key arteries—15th St, 16th St, and L St—retailers at 1415 L Street will thrive on the round-the-clock traffic generated by Sacramento’s premier entertainment and business hubs. These include the Safe Credit Union Convention Center, Safe Credit Union Performing Arts Center, Sacramento Memorial Auditorium, Golden 1 Center, Downtown Commons, and six high-occupancy office towers alongside State of California office complexes, Marriott Residence Inn, Hyatt Regency, and Sheraton Grand Hotel.
Situated seven blocks from 1415 L Street, the Golden 1 Center, and Sacramento Kings operations have collectively pumped an estimated $665 million into the Greater Sacramento region for the 2022-23 period. This economic surge includes an estimated $42 million annually through lodging, dining, retail, and transportation expenses, courtesy of over 127 ticketed events attracting more than 1.5 million attendees.
A mere five hundred feet from the newly revamped Safe Credit Union Convention Center—transformed by a $200 million investment into over a quarter-million square feet of versatile space—the area now hosts hundreds of events yearly between the Convention Center, Performing Arts Center, and Sacramento Memorial Auditorium.
Boasting 2,791 square feet of interior retail space complemented by an additional 1,200 square feet of patio space overlooking the stunning California State Capitol Park, this location offers a serene retreat for both tenants and visitors. It’s an ideal haven for diverse food and beverage ventures aiming to anchor themselves in the heart of downtown Sacramento’s vibrant life.
Matt Axford
Turton Commercial Real Estate
