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Listed by Jessie Kelly Coldwell Banker Kappel Gateway Realty
$ 850,000
Est. payment | /mo
5,249 Sqft Lot
$ 850,000
Est. payment | /mo
5,249 Sqft Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 326015712
HOA Y/N No
Lot Size 5,249 Sqft
Acres 0.1205
Property Sub-Type Retail
Property Description
Investment Opportunity | Multi-Tenant Retail Building | Vallejo. Seize this rare opportunity to acquire a fully occupied, income-producing multi-tenant retail building in the heart of Downtown Vallejo's thriving Arts & Entertainment District, blocks from the waterfront & near the I-80. Situated on a prime corner lot, this five-unit property offers stable, in-place cash flow with significant upside potential as below-market leases roll to current market rents. ** Property Highlights: Roof replaced in 2024. Electrical upgraded and split between 5 units in 2022. The building totals 5,250 square feet across five diverse retail units, all currently leased to established tenants representing a variety of recession-resilient businesses. Many tenants are long-term occupants paying below-market rents, creating a compelling value-add opportunity for investors looking to grow NOI over time. The Units: 700 Marin Street 612 SF | Spice Shop 400 Virginia Street 648 SF | Photography Studio 402 Virginia Street 1,260 SF | Tattoo Shop 406 Virginia Street 1,260 SF | Restaurant 408 Virginia Street 1,470 SF | Hair Salon... Positioned one block from the historic Empress Theater, this property benefits from strong foot traffic and growing cultural energy in one of Vallejo's most vibrant corridors. The Civic Center, ferry station, transportation hub, marina, and waterfront are all within blocks attracting both local residents and visitors to the area. A public parking lot is also within walking distance, complementing the building's own private parking. With fully rented occupancy, a diversified tenant mix, and rents priced below current market rates, this asset is ideally positioned for a value-add investor. Bring leases to market rate and watch your returns grow. Opportunities like this fully tenanted, in a walkable downtown don't last long! Frontage: 79' on Virginia St & 74' on Marin St. Tenants pay for all utilities except sewage.
Location
State CA
County Solano
Area Vallejo 5
Exterior
Waterfront Description Public
Roof Type Flat
Road Frontage City Street
Private Pool No
Building
Lot Description Corner Lot
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories 1
Others
Tax ID 0056164090
Special Listing Condition Offer As Is
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