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Listed by BCRE
$ 829,999
Est. payment | /mo
4,269 SqFt
$ 829,999
Est. payment | /mo
4,269 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,269 sqft
Price per Sqft $194
Subdivision Old Town
MLS Listing ID 41147475
HOA Y/N No
Year Built 1930
Lot Size 6,500 Sqft
Property Sub-Type Retail
Source CONTRA COSTA
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
Interior
Cooling Heat Pump
Fireplace No
Building
Lot Description See Remarks
Nearby Locations
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