Vacaville Land for Sale - Vacaville/Dixon
Join the heart of Downtown Vacaville with this perfectly positioned development lot, providing 0.14 acres with fully approved plans for a new single-story office on Merchant Street.
This rare offer delivers a running start to businesses and investors, with more than $200,000 invested in completing the architectural, engineering, and soils reports. The included plans allow for the creation of 4,800 square feet of premium office space, with 24 private offices, a corner conference room, lobbies with reception areas, a printing/copy area, restrooms, and storage spaces. The site directly neighbors a large public parking lot, and plans include two separate lobbies and reception areas from both Merchant Street and the parking lot, giving convenient access options to employees and clients. The site is fully cleared and level, allowing for seamless development on an accelerated timeline.
Placed just one block from Merchant Street’s intersection with Main Street, this prime location places a new development at the heart of downtown Vacaville, just minutes from Interstate 80. Drawing strong vehicle and foot traffic to the area, Merchant Street offers a lively commercial corridor that invites employees at the property to easily walk to top-rated local shops and restaurants. The site also sits within 10 minutes of a large number of regional retail power centers, offering household name brands such as Walmart Supercenter, Target, Costco, Lowe’s, Burlington, PetSmart, Starbucks, Chick-fil-A, Buffalo Wild Wings, Panera Bread, and many more. This shopper’s paradise is also home to the Vacaville Premium Outlets, delivering 120 upscale fashion, beauty, and homeware brands.
In addition to growing businesses, the Merchant Street development lot provides a valuable inroad for investors seeking to capitalize on the elevated demand and performance in the local office submarket. Currently, the area boasts tight vacancies of just 3.3%, driving stable annual rent growth of 2.3% on average during the past five years. The outsized demand in the area ensures a quick time to lease, with local office properties demonstrating an average time on market approximately 16.5% lower than the greater region. Once a lease has been secured, a new owner will be able to easily capture the added value thanks to the submarket’s excellent liquidity, with five office sales and over $5.3 million in office sales volume during the past 12 months. This also opens the door for a sale-leaseback, allowing an owner/user to create a bespoke space for their operations and recoup the development costs.
Establish a foothold in a sought-after growth market with this incredible opportunity to develop one of the few remaining vacant lots at the epicenter of Vacaville, offering fully approved plans with reports completed. Reach out to Tom Rapisarda and Rapisarda Real Estate today to learn more about this amazing offer.
