106 J StBenicia, CA 94510

Property Details for 106 J St

Year built

1895

Lot size

0.15 AC

Property size (Sq ft)

8,820 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

0089-043-090

APU

89043090

Description

This exceptional mixed-use property, located at 106 W J St in downtown Benicia, CA, presents a rare investment opportunity. The 8,820 square foot building, constructed in 1895 and extensively renovated between 2017 and 2023, sits on a 6,512.22 square foot lot and boasts a prime location at the corner of 1st and W J Streets. Currently operating at 100% occupancy with four tenants, the property features three street-level retail/office spaces on 1st Street and a unique second-story space previously used as a digital media studio and event venue. The upper level includes a modern kitchen, two ADA-compliant bathrooms, and a climate-controlled office. The large main hall (approximately 50' x 50') offers high ceilings (18 feet), large windows, and beautiful wood floors, ideal for various uses such as events, studios, or galleries. Scheduled rent increases are in place. The property's permitted zoning is mixed-use, allowing for diverse applications. This is a turn-key operation with established tenants and significant upside potential for owner-users or investors seeking a high-traffic, historic downtown location. The asking price is $2,400,000 ($272.11/sq ft). APN: 0089-043-090.

• CAP approach

  CAP return

  Valuation

  6%

  $2,998,644

  6.5%

  $2,767,979

  7%

  $2,570,266

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,222,115

  Geo Method

  $2,459,986

• Alternative Use

  Use

  Valuation

  Residential

  $3,432,294

  Hospitality

  $3,143,962

  Educational

  $2,615,740

  Medical

  $2,705,699

  Retail

  $4,068,928

Location Insight

City

Benicia

County

Solano

State

California

Latitude

38.0522

Longitude

-122.157

CBSA code

46700

CBSA name

VALLEJO-FAIRFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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