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945 Empire St - Multi-Tenant Retail Plaza 945 Empire St 10,215 SF 78% Leased Retail Building Fairfield, CA 94533 $1,308,434 ($128.09/SF) 7.25% Cap Rate



INVESTMENT HIGHLIGHTS
- Prime Downtown Fairfield Location – Situated in the heart of a vibrant, walkable district with heavy foot and vehicle traffic.
- Recent Streetscape Upgrades – City improvements include decorative paver crosswalks, mid-street parking, and enhanced pedestrian accessibility.
- Diverse Tenant Mix – Fully leased to established local businesses, including beauty salons, a shoe repair shop, and a religious bookstore.
EXECUTIVE SUMMARY
Prime Downtown Fairfield Multi-Tenant Retail Plaza — Exceptional investment opportunity in the heart of Downtown Fairfield. This ±9,383 SF building on just over one-third of an acre is 100% leased to a diverse mix of long-standing tenants, including beauty salons, a shoe repair shop, and a religious bookstore—offering reliable cash flow and tenant stability.
The property benefits from heavy pedestrian traffic, Downtown Commercial zoning, strong visibility, and recent city-funded streetscape enhancements, including decorative paver crosswalks and added mid-street parking to improve accessibility and curb appeal. Features include 7 dedicated parking stalls, ample street parking, mature landscaping, and prominent signage. Located in a vibrant, walkable downtown core with easy access to major thoroughfares, this well-maintained plaza is a rare find for investors seeking a stable asset in a growing community.
The property benefits from heavy pedestrian traffic, Downtown Commercial zoning, strong visibility, and recent city-funded streetscape enhancements, including decorative paver crosswalks and added mid-street parking to improve accessibility and curb appeal. Features include 7 dedicated parking stalls, ample street parking, mature landscaping, and prominent signage. Located in a vibrant, walkable downtown core with easy access to major thoroughfares, this well-maintained plaza is a rare find for investors seeking a stable asset in a growing community.
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
10,215 SF
Building Class
C
Year Built
1991
Price
$1,308,434
Price Per SF
$128.09
Cap Rate
7.25%
NOI
$94,861
Percent Leased
78%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.71
Lot Size
0.33 AC
Zoning
Commercial Downtown - Permits a wide range of commercial uses—such as offices, retail, and personal services.
Parking
7 Spaces (0.69 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Solano Window Fashions
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Solano Window Fashions | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Walker's Paradise (90)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0030-182-010 | Total Assessment | $750,879 (2025) |
| Land Assessment | $166,343 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $584,536 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0030-182-010
Land Assessment
$166,343 (2025)
Improvements Assessment
$584,536 (2025)
Total Assessment
$750,879 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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945 Empire St - Multi-Tenant Retail Plaza | 945 Empire St
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