531-537 Georgia St
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531-537 Georgia St
4,269 SF 100% Leased Retail Building Vallejo, CA 94590 £742,545 (£174/SF) 6.19% Net Initial Yield
Investment Highlights
- Fantastic mixed-use asset in the heart of downtown Vallejo.
- Three ground floor retail spaces, one live-work studio and storage unit at the rear of property
- Tenants reimburse Landlord for all utilities
- Further upside potential through renovations and market lease-up
- Pedestrian oriented location
- Recent capital improvements: new building paint, new interior flooring, newer roofs (last 5 yrs)
Executive Summary
Prime Downtown Vallejo Property: This mixed-use property in downtown Vallejo features three (3) ground floor storefront commercial units and one live-work studio/storage unit on the ground floor accessed from the rear of the property, offering versatility for various businesses. Situated in a pedestrian-friendly area, it benefits from high visibility and foot traffic. Tenants are responsible for all utilities, simplifying management for property owners. Recent upgrades include freshly painted exteriors and new flooring in the storefronts, enhancing the property's appeal. The roofs are in newer condition, replaced in the last five (5) years according to ownership. This investment opportunity is ideal for entrepreneurs, artists, and local businesses seeking a strategic location with modern amenities.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
4,269 SF
Building Class
C
Year Built
1981
Price
£742,545
Price Per SF
£174
Net Initial Yield
6.19%
NOI
£45,964
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.65
Land Acres
0.15 AC
Opportunity Zone
Yes
Zoning
Comm Sales & Service
Frontage
57 ft on Georgia St
Walk Score ®
Walker's Paradise (91)
PROPERTY TAXES
Parcel Number | 0056-196-050 | Improvements Assessment | £22,086 |
Land Assessment | £29,458 | Total Assessment | £51,545 |
PROPERTY TAXES
Parcel Number
0056-196-050
Land Assessment
£29,458
Improvements Assessment
£22,086
Total Assessment
£51,545
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531-537 Georgia St
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