10 Santa Rosa Ave - Bank FOR SALE


Santa Rosa, CA 95404- Outer Santa Rosa
$5,150,000 USD
707-291-2722
10 Santa Rosa Ave, Santa Rosa, CA for Sale
$5,150,000 USD
Bank - FOR SALE
1/25
null | Request Cap Rate

10 Santa Rosa Ave
Santa Rosa, CA 95404
Outer Santa Rosa


HIGHLIGHTS

  • A once-in-a-generation opportunity to occupy and own the most prominent corner in downtown Santa Rosa.
  • Downtown is going through a renaissance with several noticeable projects under construction or completed
  • The zoning allows for a variety of mixed-uses including housing, office, and retail uses.
  • Easy access to US Hwy 101 as well as several east/west thoroughfares

OVERVIEW

A once-in-a-generation opportunity to occupy and own the most prominent corner in downtown Santa Rosa. The subject building is located at the southeast corner of Santa Rosa Avenue and 3rd Street, on a lot consisting of approximately 31,363+/- square feet.  The lot is improved with a 2-story office building consisting of approximately 31,356+/- square feet. The building was reportedly built for Bank of America in circa 1968 and has been remodeled and improved significantly throughout the years. Some of the building features are: concrete block construction, concrete slab on grade foundation, glass, steel, open ground floor space with a 14' clear height, entry points on both the north and south ends, two elevators providing access to the second level.  The second layout consists of two suites, a central lobby, a common hall, and main mechanical systems room. The HVAC system is fully operational and performing well.  The zoning is CMU-DSA [Commercial Mixed Use – Downtown Station Area] with a maximum base Floor Area Ratio of 8.0 [31,363+/- square foot lot multiplied by 8].  This would allow a total potential project size estimated to be 250,000+/- square feet.  The zoning allows for a variety of mixed-uses including housing, office, and retail uses.  The inclusion of the property in the Downtown Station Area Plan further adds incentives like reduced impact fees and provides other incentives like reducing on-site parking requirements. The property is boarded by the “Comstock Mall” to the south, which is a pedestrian thoroughfare connecting D street with Santa Rosa Avenue.  The building services are brought in on this side, so there is no auto traffic to navigate when accessing utilities in the street.    Situated in the heart of Downtown Santa Rosa with average daily traffic counts of 13,681+/- along 3rd Street and 15,431+/- along Santa Rosa Avenue.  The property is across the street from the downtown plaza, within walking distance of several parking garages and surface parking lots.  Easy access to US Hwy 101 as well as several east/west thoroughfares.  The downtown is going through a renaissance with several noticeable projects under construction or completed (see nearby downtown development page).

FOR SALE DETAILS

PRICE

$5,150,000 USD

PRICE/SF

$163 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

CMU-DSA

APN/PARCEL ID

009-071-020

ASK ABOUT THIS PROPERTY

William SeveriNorth Bay Property AdvisorsMore Info
707-291-2722

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William SeveriNorth Bay Property AdvisorsMore Info
707-291-2722

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.