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531 Georgia Street

$949,000

531 Georgia Street, Vallejo, CA 94590

Active
Last Updated: 09/13/2024

6.19

Cap Rate

58,773

NOI

Details:
Cap Rate:    6.19%
NOI:    $58,773
Building Size:    4,269 sqft
Units:    5
Year Built:    1981
Highlights:
  • Fantastic mix-use asset in the heart of downtown Vallejo.
  • Two commercial and one live-work studio unit downstairs
  • Pedestrian oriented location
  • Tenants pay all utilities
  • New building paint and new flooring in storefronts
Description:

Prime Downtown Vallejo Property: This mixed-use property in downtown Vallejo features two commercial units and one live-work studio on the ground floor, 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. Ideal for entrepreneurs, artists, and local businesses seeking a strategic location with modern amenities.

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.

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