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    OFF-MARKET
    Commercial land

    800 1st St, Benicia, CA 94510-3216

    2,284 SF 0.09 ac lot Built 1937
    Entity Owned 8-yr Hold Free & Clear
    Property ID
    US09-4289228
    Property summary
    AI-generated overview

    This exceptional commercial property, situated on a prominent corner lot at 800 1st Street in the heart of downtown Benicia, California, presents a compelling investment opportunity. The 0.09-acre site houses a five-unit building currently fully occupied by a mix of retail and service businesses. This ensures a steady income stream from day one. The property benefits from its highly desirable location, just steps from a variety of popular restaurants, shops, and the renowned One House Bakery. Furthermore, its proximity to the waterfront, walking trails, and the yacht club adds significant appeal and enhances the potential for increased foot traffic and visibility. The building's current configuration offers immediate returns, while the potential for future development adds considerable long-term value. An adjacent vacant lot is available for purchase, presenting a unique opportunity to expand the existing footprint. This combined property offers exciting possibilities for a mixed-use development, potentially incorporating retail spaces on the ground floor and residential condominiums on upper levels. This would capitalize on the increasing demand for both commercial and residential spaces in this thriving area of Benicia. The property's strategic location and development potential make it an ideal investment for those seeking both immediate income and significant future growth. Detailed information regarding the current tenants and lease agreements is available upon request. This is a rare chance to acquire a substantial commercial property in a rapidly growing and attractive California city.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Year built 1937
    Total area 2,284 SF
    Lot 0.09 ac (3,750 SF)
    APN 0089-052-160
    UPID US09-4289228
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Gypsy Rose Boutique Clothing Store Thrift Store
    • Western Union Bank Credit Union
    • Thriftie D's The Information Center Vehicle Inspection Center
    • Talacona Gallery & Studio Training Center (Bike/Boat/Book/etc) Store
    • Gold Key Real Estate: Ken Leach Real Estate Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    American Mp Cap Invs LLC · 8 yrs held
    American Mp Cap Invs LLC
    since 2017
    3 recorded transactions
    2017
    $610,000
    2017
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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