This exceptional 0.94-acre property at 1700 Fairgrounds Drive, Vallejo, CA 94589, presents a unique investment opportunity. The existing three-story building offers 62,468 square feet of space, with 42,441 square feet currently vacant, providing significant potential for redevelopment or lease. The property is zoned Neighborhood Mixed-Use (NMX), allowing for a variety of commercial and residential uses. The building features a total of 47 parking spaces. The lot size is 41,108 square feet, and the building has a floor area ratio (FAR) of 1.65. Located near Taper Ave, this property boasts excellent visibility and accessibility. The property's APN is 0068-131-120 in Solano County. This single-tenant retail space and land parcel offers a rare chance to capitalize on the growing Vallejo market. The existing structure and ample land provide flexibility for various development scenarios, making it an ideal choice for investors seeking a high-return opportunity. The property's strategic location and zoning regulations create a compelling proposition for both short-term and long-term growth. This is a prime opportunity to acquire a substantial property in a thriving California market.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$14,244,536
Hospitality
$13,047,918
Educational
$10,855,715
Medical
$11,229,059
Retail
$16,886,668
Location Insight
City
Vallejo
County
Solano
State
California
Latitude
38.1472
Longitude
-122.236
CBSA code
46700
CBSA name
VALLEJO-FAIRFIELD, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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