1700 Fairgrounds Dr Vallejo, CA 94589

This exceptional 0.939-acre parcel presents a unique investment opportunity in Vallejo, California. Located at 1700 Fairgrounds Drive (APN 0068-131-120), this property boasts a highly desirable Neighborhood Mixed-Use (NMX) zoning designation, offering unparalleled flexibility for development. Currently, there are fully approved plans for a 47-unit, three-story multifamily development. Alternatively, an in-progress plan outlines a 23-unit single-family townhome project, suitable for build-for-rent or for-sale options. The site's prominent location at a signalized intersection on a major north-south arterial provides exceptional visibility and accessibility, making it ideal for a drive-thru restaurant or express car wash. With an estimated 30,000+ average daily traffic (ADT), this hard corner lot offers significant potential for high returns. The surrounding area is a thriving bedroom community with over 90,000 residents within a three-mile radius. Convenient freeway access to Highways 29, 37, and I-880 ensures easy commutes. The property's proximity to Six Flags Discovery Kingdom and the Solano County Fairgrounds, along with its close proximity to Napa Valley (15 minutes) and Sonoma Valley (25 minutes), further enhances its appeal. The total building square footage is estimated at 41,108 square feet. This is a rare chance to acquire a versatile property in a rapidly growing area with excellent infrastructure and strong demographics.