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531 Georgia Str Vallejo, CA 94590
4,269 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 4,269 sqft
Price per Sqft $194
Subdivision Old Town
MLS Listing ID 41147475
HOA Y/N No
Year Built 1930
Lot Size 6,500 Sqft
Acres 0.15
Property Sub-Type Comm Ind For Sale
Property Description
Excellent Retail investment opportunity in the heart of downtown Vallejo! (Retail not Industrial) This 4,269 SF retail building at 531-537 Georgia St features 3 fully leased retail/street-retail units at 100% occupancy, offering immediate, stable income with upside potential. Built in 1930 and renovated in 2023, the property has been well maintained with a newer roof (~5 years old), upgraded electrical capacity coordinated with PG&E (including new exterior panels), new gutters, and fresh exterior paint. Unit 537 features additional upgrades including new split HVAC, new flooring, and a new electrical subpanel. Zoned DMX (Downtown Mixed Use), the 6,500 SF lot offers off-street parking in the rear plus ample on-street parking. Located just half a block from Old Town Vallejo and moments from the Vallejo Farmers Market, Empress Theatre, and the Georgia Street retail corridor — an ideal opportunity for a Retail/Street Retail investor. Current cap rate 6.72%, pro forma 6.88%. Buyer to verify all measurements, income, and expenses.
Location
State CA
County Solano
Zoning DMX
Interior
Cooling Heat Pump
Fireplace No
Building
Lot Description See Remarks
New Construction No
Others
Tax ID 0056196050
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Listed by Brian Baniqued • BCRE