411 Main StSuisun City, CA 94585

  • Retail space
  • 8,130 SF
For Sale
$1,800,000 View listing

Property Details for 411 Main St

Year built
1912
Lot size
0.10 AC
Property size (Sq ft)
8,130 SF
Property type
Retail space
APN
0032-082-120
APU
32082120

Description

This exceptional 9-unit mixed-use building, located at 411 Main St in Suisun City, CA, presents a prime investment opportunity. Boasting 7,800 to 8,200 square feet, this two-story, Class C building was constructed in 1912 and sits on a lot with 12 parking spaces. Currently, the property has a 60% occupancy rate. The building features a multi-tenancy setup, ideal for generating diverse rental income streams. The property is zoned DW and offers significant potential for various commercial uses. Its prime location in Suisun City provides easy access to major highways and public transportation, placing it within reach of a thriving community. Nearby attractions include the Suisun City Waterfront, local wineries, and recreational parks, enhancing the area's appeal and drawing both residents and tourists. The property benefits from its proximity to restaurants, cafes, boutiques, schools, and medical centers. Owner financing is available, making this an attractive investment opportunity in a growing market with a stable real estate sector. The Solano County location offers a strategic position between major urban centers, further enhancing its investment potential. The property's APN is 0032-082-120 0032-082-020. While there have been no recent rent increases, the property's strong location and potential for future growth make it a compelling investment. The median listing price for homes in Suisun City is approximately $549,000, indicating a stable and growing market. This property is listed at $1,800,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,063,162
    6.5%
    $3,750,611
    7%
    $3,482,710
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,161,656
    Geo Method
    $2,925,220
  • Alternative Use

    Use
    Valuation
    Residential
    $3,163,781
    Hospitality
    $2,898,006
    Educational
    $2,411,107
    Medical
    $2,494,029
    Retail
    $3,750,611

Location Insight

City
Suisun City
County
Solano
State
California
Latitude
38.241
Longitude
-122.041
CBSA code
46700
CBSA name
VALLEJO-FAIRFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,163
$59,302
$130,050
$189,352
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