Investment Overview

Marcus & Millichap is pleased to present the Emmada Building, located at 533 Lincoln Blvd, Lincoln, CA 95648. This historic property, constructed in 1863 in the heart of Downtown Lincoln, offers a stable income stream with three long-term tenants on the ground floor. The restaurant tenant has operated for over 30 years and was recently acquired by two seasoned restaurant operators who are committed to growing the business at this prime location. Their lease was recently extended from 4 years to 7 years, with two additional five-year options, demonstrating their confidence in the property’s long-term potential. Sierra Hill Framing, another long-standing tenant, has been in operation for 31 years, providing consistent rental income and stability. The third tenant, Rustic Crown Market, an antique store, has occupied the space for 20 years and was recently acquired by a new owner in 2023, ensuring continuity and growth under new management. The upstairs portion of the building presents tremendous value-add potential, with 12 interconnected units on five separate meters. Currently, only one tenant occupies approximately 1,365 square feet on a month-to-month lease, offering the opportunity to convert these units into long-term leases. The flexible layout allows for individual rentals, the leasing of the entire upstairs space, or conversion into executive suites, residential units, or short-term Airbnb rentals, providing various income possibilities. The city of Lincoln is experiencing significant development, with thousands of new homes built over the past five years. Major projects such as the Village 5 Specific Plan will add additional housing, schools, parks, and commercial centers. The arrival of new supercenters, including Home Depot, Lowe’s, and Target, is boosting economic activity and attracting more businesses to the area. This surge in both residential and commercial growth will increase foot traffic, making the Emmada Building an excellent investment in Lincoln’s evolving downtown. Located on Lincoln Blvd, a key artery with a traffic count of 25,548 vehicles per day, the Emmada Building is in a prime position to benefit from the city’s growth. This unique combination of historical charm, stable tenancy, and future value-add potential makes the Emmada Building a compelling investment for those looking to capitalize on Lincoln’s ongoing development.