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301 First Street – Napa Valley
301 First Street is a single tenant retail building of approximately 15,000 square feet. The one acre site is located at a key retail corner of First Street and Silverado Trail, adjacent to downtown Napa. Situated across the street from the entitled $200 million 351-room Ritz-Carlton Hotel, Napa’s highest-profile tourist project, 301 First Street is located in a convenient and highly desirable area. The Ritz-Carlton Hotel development will transform 11 acres at First Street and Silverado Trail into a posh village for fine dining, luxury spa services, upscale shopping and special events.
Napa Valley is a quickly growing area with expected future job growth over the next 10 years predicted to be 27.9%. With nearly year round sunshine and many attractions, the world renowned local wine industry, expanding tourism, and growing economy make a future for this location to gain in value. The total investment in downtown Napa in the last 10 years has topped $820 million. With an estimated 4.7 million visitors each year, the benefit to the local economy per day is in excess of $2.5 million.