444 Alabama St - Specialty FOR SALE


$1,198,889 USD
415-264-8869
444 Alabama St, Vallejo, CA for Sale
$1,198,889 USD
Specialty - FOR SALE
1/38
null | 13.35% Cap Rate


HIGHLIGHTS

  • Opportunity Zone, eligible for 40-80% Mills Act tax relief, possible 10-20% reno. Historic Tax credit, close to SF Ferry, pub. trans. & Mare Island.
  • Legendary Music History. Great mix of space sizes across 3 floors, with 17' ceilings and 20' main ballroom ceiling.
  • Approved event space plans, across from park with 100+ street parking, 20 car private lot.
  • Could carry-over existing financing

OVERVIEW

What do Ella Fitzgerald, James Brown, Little Richard, Fats Waller, B.B. King, The Kingston Trio, Benny Goodman and the 211th Massachusetts Artillery Battalion have in common? They've all been to the Veteran's Hall. For the full story on the Vet's Hall's musical chops follow these links: Brendan Riley’s Solano Chronicles Column about the Vet’s Hall. https://www.facebook.com/profile.php?id=100030913793688 https://www.timesheraldonline.com/2023/02/09/brendan-rileys-solano-chronicles-old-music-mecca-for-sale/ For a narrated video walk thru of the property go to this link. https://vimeo.com/805403940 This could be the North Bay's Fillmore Auditorium for a new generation, yet, far more versatile. Outstanding Historical Opportunity Zone Investment or Owner User potential near SF Ferry, Mare Island and public transportation. Eligible for 40-80% annual Mills Act tax relief. Also likely eligible for 10-20% Historic Tax credits for renovations. The Veteran's Hall has vintage architecture with a grand staircase, natural light with high enormous windows throughout the property. Three levels which include a Ground Floor that formerly included a commercial kitchen, a Main Floor that has three ballrooms and a large bar with great high ceilings. The top floor ballroom is maybe 95' x 80' x 20' high with an open floor plan and original hardwood floors, stage and balcony. Approved renovation plans for event center use. The floor plan is configured for multi-tenant use, build to suit or create your own space opportunity. The driveway into the ground floor can accommodate low-rise vehicles. 20 space on-site parking lot with alley access. There's ample neighborhood parking around the City Park across the street. Minutes from Mare Island and the Vallejo Waterfront which are slated to be some of the hottest development areas over the coming decade. Take a piece of Vallejo's amazing past and bring it into your future! Forbes Magazine rates Vallejo number 6 - Best Places to Live in California 2023 https://www.forbes.com/advisor/mortgages/best-places-to-live-in-california/

FOR SALE DETAILS

PRICE

$1,198,889 USD

PRICE/SF

$41 USD /SF

CAP RATE

13.35%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Veteran Hall

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Movie/Radio/TV Studio, Religious Facility, Schools

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

Commercial Linear/Pedest

APN/PARCEL ID

0056-071-110

ASK ABOUT THIS PROPERTY

415-264-8869

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

415-264-8869

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