ONCE IN A LIFETIME REDEVELOPMENT OPPORTUNITY - FIRST TIME ON THE MARKET IN 49 YEARS.
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, providing an opportunity for the new Buyer to Redevelop the vacant 0.83 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.