Galleria 419 Georgia St 41 Unit Apartment Building $6,150,000 ($150,000/Unit) 6.12% Cap Rate Vallejo, CA 94590

The DeLoney and Nelson Groups of Marcus & Millichap is pleased to present the exclusive opportunity to acquire Galleria, a mixed-use investment opportunity located at 419 Georgia Street in the heart of Downtown Vallejo, California. The property consists of 32 apartment homes and nine commercial suites, offering investors a diversified income stream and exceptional long-term upside in one of the Bay Area's most vibrant waterfront districts.
Originally constructed with timeless brick architecture, Galleria seamlessly blends historic character with modern functionality. The residential component consists of well-maintained and renovated apartment homes, while the commercial portion features an inviting interior retail promenade with street-facing storefronts, elevator service, a recently renovated commercial laundry facility, and public parking adjacent to the property. In addition, the property is equipped with a solar energy system operating under California's highly desirable Net Energy Metering (NEM) 2.0 program, providing reduced utility costs and long-term operating expense savings.
Eight of the property's nine commercial suites are currently leased, providing stable retail income while leaving one premier leasing opportunity for a new owner. The property also features a 1,304-square-foot vacant retail suite, presenting immediate upside through lease-up. The suite features an expansive open floor plan, modern flooring, contemporary lighting, and a highly flexible layout well suited for boutique commercial uses.
Ideally located just blocks from the Vallejo Waterfront and San Francisco Bay Ferry Terminal, Galleria places residents and businesses within walking distance of Downtown Vallejo's restaurants, breweries, coffee shops, entertainment venues, and growing arts district. Galleria represents a rare opportunity to acquire a distinctive mixed-use landmark combining stable residential income, diversified commercial revenue, meaningful leasing upside, and energy-efficient operations in one of the North Bay's most promising downtown markets.
Please do not disturb management or residents. Please schedule a tour through a listing agent.