Commercial Building For Sale

Picture of Commercial Building For Sale in Napa, California, United States

$22,950,000

1122 Main Street
Napa, California, United States

Listed By: Homes & Land Magazine

Listed On: 04/06/2024

Listing ID: GL11107163 View More Details

Description

Rare Opportunity: First time on the market in 20 years, presenting a unique chance for investors to acquire a sought-after property in Napa, CA. High Demand Location: Napa boasts a high barrier to entry with very few properties becoming available, indicating the desirability of this location. Anchored by Cole's Chop House: The property is anchored by Cole's Chophouse, a well-established and high-performing restaurant, ensuring steady foot traffic and sales. Historic Charm: Featuring historic architecture, the property adds character and appeal, enhancing its attractiveness to visitors and tenants alike. Generational Investment: Represents a generational opportunity for buyers looking to invest in Napa Valley's wine country, a region renowned for its tourism and wine industry. Tenant Stability: Long-term occupancy with 5 of 7 tenants occupying space for 7+ years, providing stability and consistent rental income. Prime Investment: The property's location and potential make it a prime area for investment, promising significant returns for savvy investors. 100 % leased. Renovated in 2000. Recently installed a brand new roof in 2017 and full exterior paint in 2023, ensuring the property's structural integrity and reducing maintenance costs. Listing includes APN 003-172-010