2421 & 2351 Mendocino Ave, Santa Rosa

Newmark, as the exclusive advisor, presents a unique opportunity for office owner/users or developers to acquire the 100% fee-simple interest in two ideally located office buildings in Santa Rosa, CA: 2421 Mendocino Ave, a ±11,235-square-foot building, and 2351 Mendocino Ave, a ±10,077-square-foot building. Combined, the properties offer a total of ±21,312 square feet of improvements on a 1.51-acre site. The current zoning allows for potential redevelopment, including conversion to apartments, with options for additional density through bonuses. This opportunity is perfect for those looking to reposition the site into a new use or maintain its current commercial utility.

This offering provides owner/users a unique chance to acquire one or both properties in Santa Rosa’s prime commercial corridor. The buildings offer flexible purchase options and a strategic location, making them ideal for businesses looking to expand or relocate. With the potential for SBA financing and ample on-site parking, the properties offer a cost-effective ownership opportunity that includes the benefits of equity growth and control over your space. Positioned close to downtown and key amenities, these buildings are perfectly suited for owner/users seeking a prominent and convenient business location in a vibrant market.

There is also the potential for redevelopment. With Santa Rosa’s projected need for 4,685 new housing units by 2031, this site offers a compelling opportunity for residential development. Zoned for multifamily use, the property allows for a density of up to 30 units per acre and a maximum lot coverage of 65%. These favorable development standards provide flexibility for a range of housing options. Given the
city’s growth and demand for new housing, this site is well-positioned for developers looking to capitalize on Santa Rosa’s expanding residential market. The current owner has had preliminary discussions with the City, and there is strong support from city staff to convert the use to multi-family.