837 TEXAS ST Fairfield CA 94533-5739

• Strong Long Time Tenant "Famous Creations" Bakery/Catering/Delivery
• Award Winning
• Gross Annual Rent $42000
• Total Annual Expenses $5,644
• NOI $36,356
• Cap Rate 6.6%
• Year Built/Rebuilt 1928 / 2004
• Stories 1 with a small upstairs area for storage
• Square footage Approximately 2,800
• Lot Size 3,966
• 2 store fronts
• Assets/Fixtures Walk-in Cooler
• Assets/Fixtures Front + Back Bar
• Assets/Fixtures 2 Hoods (Grease/Pizza Oven)

Located in the heart of Fairfield CA – Downtown main street. Steps away from cute stores, cafes, tap room and restaurants. This property is considered a landmark for the city of Fairfield and they are motivated! The city has already approved this location for mixed-use (restaurant on the first floor with condos/apartments on the top floors (foundation is approved and ready for 3 stories) or just build a one story for now and put something hip like a beer garden for example! City Incentives available. Call us now for more details (including a higher cap rate opportunity)! (Seller is willing to entertain selling the open lot separately).

Use the cash flow from one APN to develop the other APN! Or make an offer on the open lot by itself located at 849_Texas Street. (Again, the seller is willing to entertain selling the open lot separate.) If you want to purchase the retail space and the open lot together the listing price is $650,000 (For 2 APNs)

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.

Located on the historic route 40, this location 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 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 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.

• 837 Texas Street -1 story building is home to Famous Creations, who supplies residents and businesses with delicious pastries. 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 an asset.(Replacing this bar is estimated to be a six-figure project). (2 Doors are already made accessible for in door out door use.
  

• 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!!!

• 837 & 849 Texas Street would give a tap room easy access to indoor/outdoor seating. Access doors have already been cut between 837 & 849 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.