2840 Petaluma Blvd N - Freestanding FOR SALE


Petaluma, CA 94952
$1,750,000 USD
415-531-2815
2840 Petaluma Blvd N, Petaluma, CA for Sale
$1,750,000 USD
Freestanding - FOR SALE
1/4
null | Request Cap Rate

2840 Petaluma Blvd N
Petaluma, CA 94952


HIGHLIGHTS

  • The Property has a VESCO Permit obtained from the County for development of a vineyard or orchard on the site. The permit expires June 26, 2024.
  • The Property benefits from an easement over a 60’ wide former railroad right of way that runs from Old Corona Road down to the end of the land.

OVERVIEW

The Property is comprised of two parcels of land totaling ±11.06 acres in unincorporated Petaluma, Sonoma County. The two parcels are bisected by the Petaluma River, which runs behind the building. A small fraction of approximately 0.77 acres of the property is on the west side of the Petaluma River (which contains the office building at 3028 N. Petaluma Blvd), while the remainder of the excess land is located on the east side of the river, with wide open frontage to U.S. Highway 101. The Property contains a freestanding commercial building located at 3028 N. Petaluma Blvd which was built in approximately 1979 and is comprised of ±2,079 square feet. The building is leased as an office to O’Connell Landscape, whose lease expires May 31, 2023. Current rent is $2,500/month as of June 1, 2021 and is set to increase to $2,600/month on June 1, 2022.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$842 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Standalone Commercial Building and Land

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

11.06 AC

LAND SF

481,774 SF

ZONING

DA20

APN/PARCEL ID

048-080-011,048-080-012

ASK ABOUT THIS PROPERTY

Jerry SuyderhoudNewmarkMore Info
415-531-2815

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Jerry SuyderhoudNewmarkMore Info
415-531-2815

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