10 Santa Rosa Ave - Office FOR SALE


Santa Rosa, CA 95404- Outer Santa Rosa
$2,980,000 USD
707-291-2722
10 Santa Rosa Ave, Santa Rosa, CA for Sale
$2,980,000 USD
Office - FOR SALE
1/36
null | Request Cap Rate

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


HIGHLIGHTS

  • Rare chance to own and occupy a landmark corner in Downtown Santa Rosa offering exceptional visibility, scale, and long-term redevelopment upside.
  • Near the US Post Office, US Federal Building, City Hall, Old Courthouse Square, Barnes & Noble, Sonoma County Library, and Santa Rosa Plaza.
  • Two-story 31,356-SF office and bank building on a 0.72-acre lot, extensively renovated with 14-foot clear heights, dual entries, and two elevators.
  • Centrally located off the 101 for regional connectivity and within a revitalizing downtown district with new residential and mixed-use projects.
  • Positioned at Santa Rosa Avenue and 3rd Street, the property benefits from strong daily traffic and walkable access to the Downtown Plaza and parking.

OVERVIEW

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

FOR SALE DETAILS

PRICE

$2,980,000 USD

PRICE/SF

$94 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Iconic Downtown Landmark Opportunity

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office, Supermarket, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

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 Notice.