Lofas Family Investment
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Lofas Family Investment
2 Retail Properties Offered at £2,284,330 in Vallejo, CA
Investment Highlights
- High Visibility on Busy Corner
- Future development up to 75' per City of Vallejo
- Zoned for Office, which can include up to 10,000SF of retail, plus muti-family.
- Add Value for Investor or Income Stream for Developer
Executive Summary
Investment and/or Development opportunity. 2.13 acre corner location located near Kaiser Hospital. 7 income streams including auto use, retail, salon, church, and a single-family home. Family owned for over 40 years. Zoned "neighborhood commercial" allowing retail, office and multi-family.
The contamination issue is still being dealt with and may involve the separate sale of the corner 100'X100' auto repair site. Call agent for details.
The contamination issue is still being dealt with and may involve the separate sale of the corner 100'X100' auto repair site. Call agent for details.
Taxes & Operating Expenses (Actual - 2021) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2021) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | £2,284,330 | Status | Escrow |
| Price / SF | £559.20 / SF | Number of Properties | 2 |
| Sale Conditions | Development Sale | Individually For Sale | 0 |
| Net Initial Yield | 5.71% | Total Building Size | 4,085 SF |
| Sale Type | Investment | Total Land Area | 2.12 AC |
| Price | £2,284,330 |
| Price / SF | £559.20 / SF |
| Sale Conditions | Development Sale |
| Net Initial Yield | 5.71% |
| Sale Type | Investment |
| Status | Escrow |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 4,085 SF |
| Total Land Area | 2.12 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1696 Broadway St, Vallejo, CA 94590 | Retail | 1,433 SF | - | - |
| 1674-1680 Broadway St, Vallejo, CA 94590 | Retail | 2,652 SF | 1947 | - |
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