531 Georgia StVallejo, CA 94590

This exceptional multi-tenant retail storefront in downtown Vallejo, CA presents a compelling investment or owner-user opportunity. The 4,250 square foot property, built in 1981 and situated on a 6,500 square foot lot, boasts three commercial units and one live/work studio, currently operating at 100% occupancy. The property features six parking spaces and benefits from a pedestrian-friendly location with high visibility and foot traffic. Tenants are responsible for all utilities, simplifying management. Recent upgrades include fresh exterior paint and new flooring in the storefronts. The property is zoned for general commercial use and offers annual rent bumps of 3-5%. The asking price is $949,000, representing a 6.11% cap rate and a $223.29 price per square foot. The property's strong cash flow, coupled with the potential for further value appreciation through lease-up of vacant space and additional renovations, makes it an attractive investment. The fee-simple ownership structure and suitability for a 1031 exchange further enhance its appeal. This two-story building offers a unique blend of commercial and live/work space, ideal for a variety of businesses and entrepreneurs. The property's strong location and recent improvements make it a highly desirable asset in the thriving Vallejo market. The property includes a storage unit at the rear.