718 First Street
Historic Mixed-Use Trophy Property | Vacant | Downtown Benicia | Owner-User / Investment Opportunity
Marketing description
Rare opportunity to own a historic mixed-use building in the heart of Downtown Benicia's highly sought-after First Street corridor. Positioned among award-winning restaurants, boutique shopping, galleries, wine tasting rooms, and just blocks from the scenic waterfront, this vacant property offers exceptional flexibility for both owner-users and investors.
The building features a commercial storefront, expansive upper level with the potential for residential apartments or additional commercial space (buyer to verify permitted uses), and a basement providing valuable storage or additional functional space. With the building delivered vacant, a new owner has the rare opportunity to renovate, customize, and lease the property at today's market rents or establish their own business in one of Solano County's premier downtown destinations.
Rich in historic character and architectural charm, this property presents an exceptional value-add opportunity with multiple possibilities, including retail, restaurant, wine tasting room, professional office, gallery, creative workspace, or mixed-use redevelopment, subject to City approval.
Opportunities to acquire a vacant historic building on Benicia's iconic First Street are exceptionally rare. Whether you're seeking a long-term investment, a flagship business location, or a property with future income potential, 718 First Street offers the location, character, and flexibility to bring your vision to life.
Investment highlights
Rare historic mixed-use building located in the heart of Downtown Benicia's vibrant First Street shopping and dining district.
Vacant building provides immediate occupancy for an owner-user or the opportunity to lease at current market rents.
Commercial space with the potential for residential apartments above, creating an opportunity for multiple income streams (buyer to verify permitted uses and existing improvements).
Additional basement level offers storage, expansion potential, or flexible ancillary use.
Prime Main Street location with excellent pedestrian traffic, surrounded by restaurants, boutiques, galleries, tasting rooms, and the Benicia waterfront.
Mixed-use zoning offers flexibility for retail, office, restaurant, gallery, and residential uses, subject to City approval.
Historic character and architectural appeal with the opportunity to restore and enhance a landmark downtown property.
Excellent owner-user or value-add investment with the flexibility to customize or reposition the property to meet market demand.
Located in one of Northern California's most desirable waterfront downtown districts, with convenient access to Interstate 680 and Interstate 780.
Rare opportunity to acquire a legacy property on Benicia's premier commercial corridor, where ownership opportunities are exceptionally limited.
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