1417 Railroad Ave - Medical FOR SALE


Saint Helena, CA 94574
$8,900,000 USD
707-580-5678
1417 Railroad Ave, Saint Helena, CA for Sale
$8,900,000 USD
Medical - FOR SALE
1/39
null | 3.44% Cap Rate

1417 Railroad Ave
Saint Helena, CA 94574


HIGHLIGHTS

  • Seismically Retrofitted
  • Equipped with Elevator
  • Amazing Stone Construction
  • High Profile Tenants
  • Includes separate +/-1,000 SF building

OVERVIEW

Two Neighboring Buildings FOR SALE. This perfect piece of St. Helena history is ideally located in the center of Napa Valley's commerce and activity and is available for the first time in nearly 30 years. Built in 1906, The Pritchard Building stands as an iconic symbol of the city's architectural heritage and Napa Valley commerce. While originally built to serve as a feed store and ice company, the building is home to several upscale businesses serving local residents and visitors alike. The striking stone facade was built from stone quarried from the locally famed Glendale Ranch and stands today as a testament to the craftsmanship and quality of a different era. Located just one block off Main Street, this building is positioned in the greater sphere of downtown influence. Proximate to many services, and situated near the primary highways, this commercial property offers exceptional convenience and ease of access for commuters and visitors alike. Property Overview Seismically retrofitted in 2001, the timeless asset boasts interiors that complement the exterior, featuring a large commercial elevator, higher ceilings, quality wainscoting, concrete floors downstairs, and wood floors upstairs. Each of the building's residents has updated and created their spaces to reflect the individual personality of their businesses. In addition to the Pritchard Building, the sale includes the adjacent 1417 Railroad Avenue Building. This traditional craftsman-style cottage includes two private office spaces, a generous reception area, a kitchen, and a dedicated bathroom. The inclusion of this parcel expands the private off-street parking available for the tenants of both buildings. The upscale tenants are Hourglass Wines, Dr. Duncan’s Dermatology, Hileman Optometry, One True Vine (aka-Hundred Acre), and Varrelman Financial Services. The leases are in place for another two to five years with serval spaces having an additional 3-year option. The consistent and dependable income stream presents a compelling investment opportunity.

FOR SALE DETAILS

PRICE

$8,900,000 USD

PRICE/SF

$898 USD /SF

CAP RATE

3.44%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pritchard Building + 1417 Railroad

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1906

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

Central Business

APN/PARCEL ID

009-211-018

ASK ABOUT THIS PROPERTY

Jeff FeeneyColdwell Banker Commercial Brokers of the ValleyMore Info
707-580-5678

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Jeff FeeneyColdwell Banker Commercial Brokers of the ValleyMore Info
707-580-5678

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.