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Listed by Brian Baniqued • BCRE
$829,999
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 01-41147475
Year Built 1930
Annual Tax Amount $9,291
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Excellent Retail investment opportunity in the heart of downtown Vallejo! (Retail not Industrial) This 4,269 SF retail building at 531-537 Georgia St features 3 fully leased retail/street-retail units at 100% occupancy, offering immediate, stable income with upside potential. Built in 1930 and renovated in 2023, the property has been well maintained with a newer roof (~5 years old), upgraded electrical capacity coordinated with PG&E (including new exterior panels), new gutters, and fresh exterior paint. Unit 537 features additional upgrades including new split HVAC, new flooring, and a new electrical subpanel. Zoned DMX (Downtown Mixed Use), the 6,500 SF lot offers off-street parking in the rear plus ample on-street parking. Located just half a block from Old Town Vallejo and moments from the Vallejo Farmers Market, Empress Theatre, and the Georgia Street retail corridor — an ideal opportunity for a Retail/Street Retail investor. Current cap rate 6.72%, pro forma 6.88%. Buyer to verify all measurements, income, and expenses.
Location
State CA
County Solano
Zoning DMX
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900