1700 2nd St - Office/Residential FOR SALE


Napa, CA 94559
$10,000,000 USD
510-813-5404
1700 2nd St, Napa, CA for Sale
$10,000,000 USD
Office/Residential - FOR SALE
1/20
null | Request Cap Rate

1700 2nd St
Napa, CA 94559


HIGHLIGHTS

  • Opportunity to own one of Napa's Prime Mixed-Use, Multi Family Redevelopment Sites with existing cash flow.
  • 1700 2nd Street includes the 48,500 SF primary building on 1.93 acres. Adjacent land currently used as surface parking on two additional parcels.
  • Development potential includes Residential, Condo, Retail, Hotel, Rooftop Restaurant or other uses specified in the Downtown Neighborhood Zoning.
  • Strategically positioned in the heart of Napa's bustling downtown, home to Retailers, Local Restaurants and Tasting Rooms.
  • Napa, California, is proximate to three major airports -- San Francisco (58 miles), Oakland (51 miles), and Sacramento (63 miles).
  • Downtown Core Location. Concrete Steel Construction. First Time on the Market in 49 years.

OVERVIEW

ONCE IN A LIFETIME REDEVELOPMENT OPPORTUNITY - FIRST TIME ON THE MARKET IN 49 YEARS, when property was built in 1975. Robert Louis Stevenson Plaza (‘RLS’) at 1700 2nd Street(fronting on First, Second, and Third Streets). Existing 48,500 SF Building on 1.93 acres of land just Steps Away from the bustling First Street epicenter of town anchored by The Andaz and Archer Hotels. Three (3) separate parcels with individual APNS, provides an opportunity for the new Buyer to Redevelop the vacant .83 acre parcel into a Residential housing project for either For Sale Condominium Units or Apartments, lease out small vacant units and stabilize cash flow. The City of Napa Zoning was amended in 2010, converting RLS into a Prime Mixed-Use, Redevelopment, and Multi-Family opportunity in Downtown Napa. The New Zoning allows for significant additional Density Bonus and Uses. Income in place to offset holdings costs. Parcel Size: 1.93 Acres • 1752 Third Street: 0.85 Acres 003-251-029 • 1700 Second Street: 0.98 Acres 003-196-010 Existing 48,500 SF Office Building • 931 Seminary Street: 0.10 Acres 003-196-006

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$206 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

48,500 SF | 1.93 ACRE | REDEVELOPMENT SITE

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

114

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

84,071 SF

ZONING

DT Neighborhood / DT II

APN/PARCEL ID

003-196-006,003-196-010,003-251-029

ASK ABOUT THIS PROPERTY

Joyce CunninghamCushman & WakefieldMore Info
510-813-5404

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Joyce CunninghamCushman & WakefieldMore Info
510-813-5404

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