2526 Mankas Corner RdFairfield, CA 94534

  • Retail space
  • 2,436 SF
For Sale
$2,899,000 View listing

Property Details for 2526 Mankas Corner Rd

Year built
1978
Lot size
0.18 AC
Property size (Sq ft)
2,436 SF
Property type
Retail space
APN
0026-220-020
APU
26220020

Description

This exceptional 0.18-acre retail property, located at 2526 Mankas Corner Road in Fairfield, CA, presents a unique investment opportunity. Priced at $2,899,000, the Mercantile Building boasts a stunning remodeled interior and exterior, making it an ideal space for a variety of retail or office tenants. Its prime location at a highly visible intersection in the heart of Suisun Valley ensures high pedestrian and motor traffic exposure. The property benefits from an established customer base drawn to the neighboring businesses, including a restaurant, wine and beer filling station, antiques/collectibles store, wine tasting room, and interior design/furniture studio. The building's versatility allows for a wide range of potential uses, including a tasting room, boutique hotel, small market, or clothing boutique, among other possibilities. This is a rare chance to acquire a well-established, beautifully remodeled property in a thriving wine country community. The property has been on the market for over a decade, making this a truly exceptional opportunity for the next owner to capitalize on its potential. The building's attractive design and prime location make it a highly desirable asset for any discerning investor seeking a strong return on investment in a vibrant and growing area. The existing infrastructure and established clientele provide a solid foundation for immediate success. Don't miss this chance to own a piece of Suisun Valley's rich history and bright future.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,217,449
    6.5%
    $1,123,799
    7%
    $1,043,528
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,546,592
    Geo Method
    $876,486
  • Alternative Use

    Use
    Valuation
    Residential
    $947,967
    Hospitality
    $868,332
    Educational
    $722,442
    Medical
    $747,288
    Retail
    $1,123,799

Location Insight

City
Fairfield
County
Solano
State
California
Latitude
38.2858
Longitude
-122.107
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
$5,710
$123,137
$369,422
$492,559
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