Downtown Golden Opportunity

837_849 Texas Street Fairfield, CA 94533

837_849 Texas Street, Fairfield, CA, 94533
837_849 Texas Street, Fairfield, CA, 94533 837_849 Texas Street, Fairfield, CA, 94533 837_849 Texas Street, Fairfield, CA, 94533 837_849 Texas Street, Fairfield, CA, 94533 837_849 Texas Street, Fairfield, CA, 94533 837_849 Texas Street, Fairfield, CA, 94533
FOR SALE
Property Type:
Commercial Land Development
Amount:
$650,000
Cap Rate:
5.60%
Last Verified:
Feb 20, 2020

2 APNs . INVESTMENT/DEVELOPMENT OPPORTUNITY NEXT DOOR LOT - DOWNTOWN MAIN ST LOCATION! Use the cash flow from one APN to develop the other APN! A mixed-use project is already approved by city to develop a building with retail on the 1st floor and condos/apartments on the 2nd and 3rd floors in the heart of downtown Main St just steps away from, local stores, restaurants and breweries.


SOLID TENANT. The Tenant Famous Creations Has Been Selected as the 2020 Winner In The Knot Best of Weddings! This Award represents the highest rated wedding professionals as reviewed by real couples, their families and wedding guests.


Downtown Fairfield is proud to present 837/849 Texas Street! Downtown Fairfield located on the historic route 40 has a high Traffic Count and is strategically located halfway between San Francisco and Sacramento. Fairfield is Solano County’s second largest city and ninth largest city in the Bay Area.
The city and residents of Fairfield are excited to see fresh new Restaurateurs, Breweries, Tap Rooms and Developers take notice of this charming little downtown. It is the perfect time to invest in Fairfield’s Re-gentrification!

837 Texas Street - 1 story building has had no vacancy issues and the current tenant has large contracts and supplies residents and businesses with delicious pastries and catering services. 837 is in a great location and beautiful inside!! The building was gutted in 2004 down to the foundation. All electric, plumbing etc. was new in 2004 and city permits pulled. The gorgeous bar is a must see and remains a popular and valuable asset. (Replacing this bar is estimated to be a six-figure project).

849 Texas Street – the vacant lot was noted in the Heart of Fairfield general plan as a target site. The lot sits in the retail zone which allows for live work developments. Ideally, restaurants on the first floor and apartments on the second and third floor. Note: The entitlement process still needs to be formalized through planning, but the city is very familiar with this location and motivated!!!

Access doors have been cut between 837 and 849 which would give a tap room easy access to outdoor seating. Note: The engineering is complete! 849 foundation is in place as well as water, gas and electric. The foundation can handle up to a three-story building. **Renderings are available for a proposed development, which has been done in concert with the City of Fairfield.


Map of 837_849 Texas Street, Fairfield, CA, 94533

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.