Standalone Commercial Building and Land | 2840 Petaluma Blvd N
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Standalone Commercial Building and Land 2840 Petaluma Blvd N
2,079 SF Retail Building Petaluma, CA 94952 $2,531,375 CAD ($1,218 CAD/SF)
INVESTMENT 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.
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,079 SF
Building Class
C
Year Built
1979
Price
$2,531,375 CAD
Price Per SF
$1,218 CAD
Tenancy
Single
Building Height
1 Story
Lot Size
11.06 AC
Zoning
DA20 - DA B6 20, F1 F2 RC200/25 SR VOH (County of Sonoma)
Parking
4 Spaces (1.64 Spaces per 1,000 SF Leased)
Frontage
83 ft on Petaluma Blvd
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $451,199 CAD | |
| Land Assessment | $2,061,696 CAD | Total Assessment | $2,512,895 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,061,696 CAD
Improvements Assessment
$451,199 CAD
Total Assessment
$2,512,895 CAD
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Standalone Commercial Building and Land | 2840 Petaluma Blvd N
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