800 1St StBenicia, CA 94510

Property Details for 800 1St St

Year built

1937

Lot size

0.09 AC

Property size (Sq ft)

2,284 SF

Property type

Commercial land

APN

0089-052-160

APU

89052160

Description

This exceptional commercial property, situated on a prominent corner lot at 800 1st Street in the heart of downtown Benicia, California, presents a compelling investment opportunity. The 0.09-acre site houses a five-unit building currently fully occupied by a mix of retail and service businesses. This ensures a steady income stream from day one. The property benefits from its highly desirable location, just steps from a variety of popular restaurants, shops, and the renowned One House Bakery. Furthermore, its proximity to the waterfront, walking trails, and the yacht club adds significant appeal and enhances the potential for increased foot traffic and visibility. The building's current configuration offers immediate returns, while the potential for future development adds considerable long-term value. An adjacent vacant lot is available for purchase, presenting a unique opportunity to expand the existing footprint. This combined property offers exciting possibilities for a mixed-use development, potentially incorporating retail spaces on the ground floor and residential condominiums on upper levels. This would capitalize on the increasing demand for both commercial and residential spaces in this thriving area of Benicia. The property's strategic location and development potential make it an ideal investment for those seeking both immediate income and significant future growth. Detailed information regarding the current tenants and lease agreements is available upon request. This is a rare chance to acquire a substantial commercial property in a rapidly growing and attractive California city.

• Alternative Use

  Use

  Valuation

  Residential

  $888,816

  Hospitality

  $814,151

  Educational

  $677,364

  Medical

  $700,660

  Retail

  $1,053,677

Location Insight

City

Benicia

County

Solano

State

California

Latitude

38.0505

Longitude

-122.157

CBSA code

46700

CBSA name

VALLEJO-FAIRFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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