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1319 W Texas St 1319-1323 W Texas St 22,000 SF 25% Leased Retail Building Fairfield, CA 94533 $2,390,000 ($108.64/SF) 6% Cap Rate
Executive Summary
Rare owner-user opportunity with redevelopment potential on highly visible West Texas Street. This 22,000 SF multi-tenant retail/warehouse property is situated on 2.25 acres and offers exceptional flexibility for an owner-user, investor, or developer. The property features a vacant 16,000 SF main building available for immediate occupancy, plus an approximately 5k SF rear space leased on a month-to-month basis, providing interim income while preserving future flexibility. The building also includes a second-floor 1.5k SF 2/1 apartment, ideal for on-site management or additional rental income. The site offers approximately 14,000 SF of fenced yard area, 63 on-site parking spaces, multiple points of ingress and egress, and outstanding frontage along West Texas Street. Convenient access to I-80 and Highway 12 enhances regional connectivity. Buyer to verify square footage, zoning, permitted uses, and redevelopment potential.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
22,000 SF
Building Class
C
Year Built
1951
Price
$2,390,000
Price Per SF
$108.64
Cap Rate
6%
NOI
$143,400
Percent Leased
25%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.22
Lot Size
2.25 AC
Zoning
HWT - HWT (Highway West Texas): A mixed-use commercial zoning district intended to encourage retail, service, office, automotive, and other commercial uses
Parking
63 Spaces (2.86 Spaces per 1,000 SF Leased)
Frontage
364’ on Texas St
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0031-190-280 | Improvements Assessment | $683,543 |
| Land Assessment | $481,124 | Total Assessment | $1,164,667 |
Property Taxes
Parcel Number
0031-190-280
Land Assessment
$481,124
Improvements Assessment
$683,543
Total Assessment
$1,164,667
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1319 W Texas St | 1319-1323 W Texas St