906 Marin St - Storefront Retail/Residential FOR SALE


$1,400,000 USD
510-388-8227
906 Marin St, Vallejo, CA for Sale
$1,400,000 USD
Storefront Retail/Residential - FOR SALE
1/29
null | Request Cap Rate


HIGHLIGHTS

  • Great Rehab project to build equity
  • Downtown location and close to Marina
  • Lot in back for possible more units and/or parking

OVERVIEW

Great opportunity for "Value Add". Building has upgraded wiring and some plumbing. Cost to complete the project for move-in condition is approximately $250,000 according to the contractor. Do the math at $2,100 per month for the four apartments and $2/SF for the commercial at a 6%Cap rate and you'll find plenty of equity to gain. Sale includes adjacent 6,500SF lot in rear (APN #0056-134-150)

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$220 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Queen Bee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

DMX

APN/PARCEL ID

0056-134-160

ASK ABOUT THIS PROPERTY

Tom CasazzaKW CommercialMore Info
510-388-8227

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Tom CasazzaKW CommercialMore Info
510-388-8227

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.