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Multi-Tenant Office Redevelopment Opportunity

Active | 15 Poco Way, American Canyon, CA 94503

Ideal redevelopment opportunity for multi-tenant medical office/office in one of the most rapidly growing portions of Napa County! Over 147K of construction work, upgrades and improvements! Well located on quiet street just off of the main highway, great neighborhood and close to Napa airport.​ This property has approved plans and even has roughly half of the new sprinkler system installed.​ This opportunity will be popular with construction companies/developers – owner user.​ ***Please request due diligence package for additional information including surveys and maps.​ Sellers are Motivated!

HIGHLIGHTS :

  • Property Type: Office
  • Sub Type: Creative, Executive, Medical
  • Investment Type: Owner/User
  • Square Footage: 3,590
  • Lot Size: .48 Acre
  • APN: 058-353-001-000
  • Tenancy: Vacant
  • Buildings: 1
  • Zoning: Commercial
  • Broker Co-Op: Yes

Investment Highlights:

*Buyer to verify all income, expenses, total square feet and allowable uses of the property.

  • 1 APN site, Zoned Commercial and approved for Office on 0.58+/- acres

  • Completed Architectural work for multi-tenant Office redevelopment

  • New sprinkler system 1⁄2 completed

  • All new windows and sliding glass doors

  • Strengthening local demographics and population growth.

  • Easy access to SF Bay Area Wine Country (Napa, Sonoma and Suisun Valleys).

  • Easy access to Napa, Sonoma, San Francisco, Sacramento, Walnut Creek and Santa Rosa.

Business Redevelopment Opportunity

15 Poco Way, American Canyon, CA 94503

Offering Memorandum – Download Here

FOR SALE

$498,000

Approved one story, office building redevelopment located within the heart of American Canyon, ideal for multi-tenant medical office in a fast-growing area of southern Napa.

This multi-tenant office redevelopment property is in the heart of American Canyon, CA and just off of the main highway from Vallejo to Napa.

American Canyon is experiencing an influx of Bay Area residents seeking a higher standard of living for a lower cost, easy access to Wine Country and high caliber dining and entertainment options, all while maintaining drivable access to the coast and the mountains.

Currently approved for a multi-tenant office redevelopment, the architectural work has been completed, and the

construction drawings remain to be done.

Photo Gallery

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County Assessor's Parcel Map

15 Poco Way

American Canyon, CA 94503

Airport Drive Times

21 Miles to SUU Travis AFB

48 Miles to SFO San Francisco

59 Miles to SMF Sacramento

41 Miles to OAK Oakland

45 Miles to STS Santa Rosa

4 Miles to APC Napa

The vacancy rate has risen significantly over the past 12 month, and at 7.7%, the rate is the highest it’s been in more than five years.

Net absorption was negative over the past year. this is a continuation of the trend: Net absorption has registered an average annual decrease of -11,000 SF per year over the past five years. Rents declined by 0.7% over the past 12 months, representing the worst annual performance in Napa County in more than five years.

There are no supply-side pressure on vacancy or rent in the near term, as nothing is under construction. Over The past

 ten years, the office inventory is unchanged on the net, as demolition activity has essentially matched new construction. 

Office properties have traded with regularity in recent years, though that momentum has slowed in the past year. The coronavirus remains a major disruptor to the economy at large and creates profound uncertainty in Napa. The effects of the pandemic could already be impacting the submarkets key metrics. On a year-over-year basis, vacancies expanded and rents fell during the first quarter.

Carmen Gray Team, Powered by RE/MAX Gold and RE/MAX Gold Commercial. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty, or representation about it. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Based on information from California Regional Multiple Listing Service, Inc. and /or other sources dated at any time All data, including price per square foot, any and all additional charges/fees, all measurements and calculation of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.”

The information contained herein has been provided by the Owner or other sources deemed reliable. The Broker does not guarantee the accuracy of this information, so prospective tenants and buyers should carefully and independently verify the information contained herein. THIS INFORMATION IS PROVIDED TO YOU WITH THE UNDERSTANDING YOU WILL NOT DISTURB OR TALK TO THE OWNER, CUSTOMERS, EMPLOYEES WHILE VISITING THE BUSINESS

Inquire For More Information

Carmen Gray

The key to making this business look easy is that I surround myself around a brilliant team of professionals and clients. I am passionate about Real Estate and look forward to waking up each morning to help clients reach their goals and live their dreams! [more…]

707.410.5399  |  carmen@elitepartnerscommercial.com

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