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9 Condo Mixed Use Development Opportunity Downtown Benicia

9 Condo Mixed Use Development Opportunity Downtown Benicia 9 Condo Mixed Use Development Opportunity Downtown Benicia 9 Condo Mixed Use Development Opportunity Downtown Benicia 9 Condo Mixed Use Development Opportunity Downtown Benicia 9 Condo Mixed Use Development Opportunity Downtown Benicia 9 Condo Mixed Use Development Opportunity Downtown Benicia 9 Condo Mixed Use Development Opportunity Downtown Benicia 9 Condo Mixed Use Development Opportunity Downtown Benicia 9 Condo Mixed Use Development Opportunity Downtown Benicia 9 Condo Mixed Use Development Opportunity Downtown Benicia 9 Condo Mixed Use Development Opportunity Downtown Benicia 9 Condo Mixed Use Development Opportunity Downtown Benicia

Property Overview

Price/Rent PSF $ 1,395,000.00
Asset Type Land
Trade Type Sale
Acres Available 0.19
Date Available 10/17/2020
Additional URL Link
Floors 1
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Description

Location
First Street Corner Location in Town Core Zoning (High Density Mixed Use)


2 Parcels


Steps away from restaurants, Shopping and Bakeries


3 Blocks away from the waterfront and walking trail (Walk down H street from site)


Cash Flow While Applying for Permits


Near the Benicia Yacht Club


Seller Financing Available. Seller is Flexible and open for optional joint development.

Sale
Mixed-Use Development Opportunity in downtown Benicia on First Street! City Historical Design Approved!


A once in a lifetime opportunity to build in such a popular and charming town. Who doesn't want to live in Benicia? This is your chance to develop retail on the first floor and condos on the second and third floor. Just steps away from amazing restaurants, shops, One House bakery and a few blocks away from the waterfront, walking trails and yacht club! Be part of Benicia’s growing excitement. Have you seen downtown Benicia lately? Learn more about why people are jumping at the chance to live here!



City Historical Design Approved:


9 Condos (2 Bedroom / 2 Bath)


3,000 sq. ft. Restaurant / Retail 1st Floor


Multiple Tenancy


Street Retail


Lot Size 8,250 SF (L Shape)



Highlights:


Current Cash Flow Approximately $4,000 / per month


Seller Financing Available


Seller joint venture option available


Full Set of Architectural Plans


Short walking distance to the waterfront, restaurants and shopping


Easy access to Napa, San Francisco, Sacramento, Walnut Creek, San Ramon and Santa Rosa.



Development Project Objective:


(Mixed-Use Development)


1st Floor Retail & Parking


2nd Floor Condos


3rd Floor Condos



Usable SF


1st Floor 4098 SF (3 Commercial Units)


Parking 973 SF


2nd Floor 7715 SF


Balcony 1853 SF


3rd Floor 2276 SF


Total SF 16915 SF



Scope of Work:


Demolish Existing Building


Merge 2 Adjacent Lots into 1


Rezone the new lot to town core (TC)


Develop Mix-Use Building



Please do not disturb tenants. Contact Carmen Gray and her Team for a Tour. We look forward to hearing from you!

Location

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