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1700 2nd St - DOWNTOWN NAPA REDEVELOPMENT SITE | 1.93 ACRES
1.93 Acres of Commercial Land in Napa, CA 94559
Investment Highlights
- Opportunity to own one of Napa's Prime Mixed-Use, Multi Family Redevelopment Sites with existing cash flow.
- Development potential includes Residential, Condo, Retail, Hotel, Rooftop Restaurant or other uses specified in the Downtown Neighborhood Zoning.
- Napa, California, is proximate to three major airports -- San Francisco (58 miles), Oakland (51 miles), and Sacramento (63 miles).
- 1700 2nd Street includes the 48,500 SF primary building on 1.93 acres. Adjacent land currently used as surface parking on two additional parcels.
- Strategically positioned in the heart of Napa's bustling downtown, home to Retailers, Local Restaurants and Tasting Rooms.
- Downtown Core Location. Concrete Steel Construction. First Time on the Market in 49 years.
Executive Summary
Robert Louis Stevenson Plaza (‘RLS’) at 1700 2nd Street (fronting on First, Second, and Third Streets).
Existing 48,500 SF Building on 1.93 acres of land just Steps Away from the bustling First Street epicenter of town anchored by The Andaz and Archer Hotels. Three (3) separate parcels with individual APNS, providing an opportunity for the new Buyer to Redevelop the vacant 0.83 acre parcel into a Residential housing project for either For Sale Condominium Units or Apartments, lease out small vacant units and stabilize cash flow.
The City of Napa Zoning was amended in 2010, converting RLS into a Prime Mixed-Use, Redevelopment, and Multi-Family opportunity in Downtown Napa. The New Zoning allows for significant additional Density Bonus and Uses.
Income in place to offset holdings costs.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Development Sale | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.93 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Sale Type | Investment |
| Sale Conditions | Development Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.93 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Lot Size | 1.93 AC |
| Lot Size | 1.93 AC |
Three (3) separate parcels totaling 1.93 acres of land, with an existing 48,500 SF building. 1700 2nd Street: 0.98 Acres (APN: 003-196-010) 1752 3rd Street: 0.85 Acres (APN: 003-196-010) 931 Seminary Street: 0.10 Acres (APN: 003-196-006)
Description
Current property was built in 1975. Three (3) story Concrete and Steel construction consisting of approximately 48,500 square feet (43,504 net usable). Average unit sizes ranges from 1,450 square feet and up. Property offers the perfect setup as a covered land play, with a Redevelopment Opportunity for Multi-Family, Condo, Retail, Hotel, Rooftop Restaurant, or other uses specified in the Downtown Neighborhood Zoning. 1700 2nd Street is conveniently located in the heart of Downtown Napa which has been experiencing a transformation in recent years. Several new Commercial and Hotel Developments have played a large role in transforming Napa into what it is today. The sites proximity to Highway 12 and 1-80 make this a great location of business serving Napa and the greater North Bay Area as a whole.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £2,162,757 | |
| Land Assessment | £752,794 | Total Assessment | £2,915,550 |
PROPERTY TAXES
zoning
| Zoning Code | DT Neighborhood (Current zoning allows a height of 60 ft. and a Land Coverage Ratio of 4.0.) |
| DT Neighborhood (Current zoning allows a height of 60 ft. and a Land Coverage Ratio of 4.0.) |
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1700 2nd St - DOWNTOWN NAPA REDEVELOPMENT SITE | 1.93 ACRES
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