Historic Mixed-Use Building with
718 1st Street Benicia, CA 94510
718 1st Street, Benicia, CA, 94510
$1,900,000
For Sale
$1,900,000
Historic mixed-use building with a ground-floor storefront, upper level, and basement storage in downtown Benicia.
Property Size5,000 SF
Price / SF$380
Days on Market23
Property Features for 718 1st Street
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1899
Listing agency
RE/MAX Gold
(925) 395-3045
Listed by
Pippin Dew · License #01740318
(925) 395-3045
Source
Compass
Added: Jun 29 Updated: Jul 21 at 4:48AM Checked: Jul 21 at 4:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Gold
Investment Insights
Based on property information with market context.
This historic mixed-use building offers a commercial storefront and an expansive upper level, along with a basement that can support storage or additional functional space. The upper level may be suited for residential apartments or expanded commercial use, with permitted uses to be verified by the buyer. With its character and flexible layout, the property is designed to accommodate renovation, customization, and leasing, or to support an owner-user operation.
Located at 718 1st Street in downtown Benicia along the First Street corridor, the property is just blocks from the scenic waterfront. The building’s mix of street-level retail presence and additional interior space makes it suitable for a range of concepts, subject to City approval, including retail, restaurant, wine tasting, professional office, gallery, creative workspace, or mixed-use redevelopment.
Located at 718 1st Street in downtown Benicia along the First Street corridor, the property is just blocks from the scenic waterfront. The building’s mix of street-level retail presence and additional interior space makes it suitable for a range of concepts, subject to City approval, including retail, restaurant, wine tasting, professional office, gallery, creative workspace, or mixed-use redevelopment.
Key Highlights
- Historic mixed‑use building in Downtown Benicia on the First Street corridor, built in 1899
- 2‑story building with a commercial storefront on the ground floor and an expansive upper level
- Upper level offers potential for residential apartments or additional commercial space (buyer to verify permitted uses)
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $96.0k | $19.20 |
| − Vacancy | −$7.5k | −$1.50 |
| EGI | $88.5k | $17.70 |
| − OpEx | −$26.6k | −$5.31 |
| NOI | $62.0k | $12.39 |
5,000 SF · lease $19.20/SF/yr · vacancy 7.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$885.1K
$774.5K – $1.03M
NOI $61,958 @ 7.0% cap · market cap 3.26%
Second Best
Mixed Use
$867.9K
$759.4K – $1.01M
NOI $60,750 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,794 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Forever Sala Thai
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Historic mixed-use building with a ground-floor storefront, upper level, and basement storage in downtown Benicia.
Where is this mixed-use property located?
The property is located at 718 1st Street Benicia, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Historic mixed‑use building in Downtown Benicia on the First Street corridor, built in 1899; 2‑story building with a commercial storefront on the ground floor and an expansive upper level; Upper level offers potential for residential apartments or additional commercial space (buyer to verify permitted uses)
