Turton Commercial Real Estate presents the rare opportunity to acquire the iconic Elks Tower, a 14-story, 110,468 SF Italian Renaissance Revival high-rise in the heart of Downtown Sacramento. Built in 1926 as the Elks Lodge headquarters, the tower stands as one of the city’s most historically and architecturally significant buildings. The offering includes the attached 2,400 SF “racquetball building” on a separate parcel, presenting potential for additional amenity space. With its commanding presence on J Street, immediate proximity to the State Capitol, Golden 1 Center, and Sacramento’s key districts, the property provides unmatched visibility and strategic positioning. Currently configured for office use, the building includes active restaurant tenants—Pampas Steakhouse and Locked Barrel—and features such as a ±5,000 SF second-floor ballroom and upper floors once home to Sacramento’s “Top of the Town” venue. Its flexible floor plates and rich detailing make it an ideal candidate for repositioning into boutique hotel, residential, or mixed-use concepts. Elks Tower’s dimensions, abundant windows, and narrow bays support residential conversion—an uncommon trait for historic office towers—while its ballroom, pool area, and separate building enhance its hotel viability. The Elks Tower sits within an Opportunity Zone, offering favorable tax incentives to investors seeking both financial return and community impact. Downtown Sacramento’s real estate fundamentals remain strong, with limited hotel and multifamily pipeline despite increasing demand driven by major events, population growth, and continued interest in experience-forward urban environments. With infrastructure improvements already made and multiple paths for redevelopment, Elks Tower presents a generational chance to reinvigorate one of Sacramento’s most prestigious addresses.