531 Georgia Str, Vallejo, CA 94590
- $829,999
- List Price
- $829,999
- Status
- ACTIVE
- MLS#
- 41147475
- Year Built
- 1930
- Lot Size
- 6,534
- Acres
- 0.15
- Days on Market
- 2
- Property Type
- Commercial
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.
/u.realgeeks.media/livingbythefoothills/Gil_s_Photo_-_Right_Facing-removebg-preview.png)
Additional Information
- Taxes
- $9,291
- Cooling
- Yes
- Exterior Construction
- Stucco
- Roof
- Shingle
- Attached Structure
- Detached
- Operating Expense
- 21811
Listing courtesy of Listing Agent: Brian Baniqued (brian@bcre.co) from Listing Office: BCRE.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.