1029 Tennessee St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1029 Tennessee St
8,800 SF 58% Leased Retail Building Vallejo, CA 94590 £555,540 (£63/SF) 4.10% Net Initial Yield
Investment Highlights
- High Traffic Location
- Flexible suite spaces
- Multi-Tenant Building
Executive Summary
This freestanding multi-tenant building lends itself for an ad value investment opportunity. The 8850 square feet is hidden behind a subdued facade and the interior is quite surprising with a grand staircase in the middle of the building. The lower floor tenants are a dance studio and massage business with high ceilings in each location. The second level and workshop space on the lower floor is occupied by an administrative medical office. There are additional suites that are vacant to create more cash flow. The building has 3 bathrooms, kitchen and 8 separate spaces. Based on data from the City of Vallejo the traffic count clocks over 14,000 cars per day at this location. Flexible Zoning with the vacant spaces. The property is also located in an Opportunity zone. Mare Island Development and highway 29 is close to this location for a carry over of opportunities.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Deferred Maintenance
Property Type
Retail
Property Subtype
Building Size
8,800 SF
Building Class
C
Year Built
1942
Price
£555,540
Price Per SF
£63
Net Initial Yield
4.10%
NOI
£22,769
Percent Leased
58%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.44
Land Acres
0.14 AC
Opportunity Zone
Yes
Zoning
C, Vallejo - Commercial
Parking
5 Spaces (0.58 Spaces per 1,000 SF Leased)
Frontage
50 ft on Tennessee
Amenities
- Bus Route
Walk Score ®
Very Walkable (81)
Bike Score ®
Very Bikeable (73)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0056-093-030 | Improvements Assessment | £271,865 (2023) |
| Land Assessment | £103,583 (2023) | Total Assessment | £375,448 (2023) |
PROPERTY TAXES
Parcel Number
0056-093-030
Land Assessment
£103,583 (2023)
Improvements Assessment
£271,865 (2023)
Total Assessment
£375,448 (2023)
-
David Tipp -
Rosanna Souza -
Tipp Realty at Glen Cove
1 of 24
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
1029 Tennessee St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.