241 Georgia StVallejo, CA 94590

Property Details for 241 Georgia St

Year built

1966

Lot size

0.62 AC

Property size (Sq ft)

34,539 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

0055-170-390

APU

55170390

Description

This exceptional two-story medical office building, located at 241 Georgia Street in Vallejo, California, presents a unique investment opportunity. The property boasts a total of 35,605 square feet, with 7,204 square feet currently vacant and ready for immediate occupancy. Built in 1966, the building sits on a 0.62-acre lot and is zoned for Downtown Mixed Use, specifically under the Downtown Specific Plan DST 1: Georgia St Corridor designation, allowing for office, retail, and restaurant uses. The property's multi-tenant configuration offers flexibility for various medical practices or complementary businesses. Its strategic location offers unparalleled convenience, being adjacent to the Vallejo Transit Center and a multi-level parking garage, eliminating parking concerns. While parking is exempt on-site, the building benefits from proximity to a 104-space public lot and a 450-space garage, in addition to ample street parking. Commuters will appreciate the six-minute walk to the Vallejo Ferry Terminal, providing easy access to Bay Area destinations. This Solano County property presents a rare chance to acquire a well-situated, versatile commercial space in a thriving urban center. The building's size, zoning, and convenient location make it an ideal choice for a variety of medical and commercial uses.

• CAP approach

  CAP return

  Valuation

  6%

  $10,447,842

  6.5%

  $9,644,162

  7%

  $8,955,293

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,265,858

  Geo Method

  $9,633,272

• Alternative Use

  Use

  Valuation

  Residential

  $11,958,761

  Hospitality

  $10,954,160

  Educational

  $9,113,733

  Medical

  $9,427,168

  Retail

  $14,176,918

Location Insight

City

Vallejo

County

Solano

State

California

Latitude

38.1009

Longitude

-122.259

CBSA code

46700

CBSA name

VALLEJO-FAIRFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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