16721 Highway 12 - Office FOR SALE


Sonoma, CA 95476
$940,000 USD
510-926-9048
16721 Highway 12, Sonoma, CA for Sale
$940,000 USD
Office - FOR SALE
1/6
null | Request Cap Rate

16721 Highway 12
Sonoma, CA 95476


OVERVIEW

16721 Sonoma Highway is a single-story retail/commercial property with an accompanying detached single family residence on the same parcel. The retail/commercial portion of the improvements is a single-story retail building of some 2,520 square feet. The property was formerly occupied by a destination retail services company catering to the repair and maintenance of in-ground swimming pools and the retail sale of poolside furniture and accessories, demonstrating the property’s appeal for destination retail/commercial businesses. The subject property enjoys enviable visibility to vehicular drive-by traffic with nearly 165 lineal feet of frontage on Sonoma Highway, which is enhanced by the ample, high-identity monument signage situated nearly on the roadway. The 1.40 acre site is also home to a single family residence, currently leased and producing income. According to county records, the approximately 2,100 square foot residence is of a three-bedroom / 2 bath configuration. There are two additional structures on the parcel: a metal carport type and a storage shed. The subject property presents a unique opportunity for an owner user. Operate a retail/commercial business from the commercial improvements and apply the income produced by the single family residence to the SBA-504 loan payments. Or, for those business owners seeking arguably the shortest commute in Sonoma County, occupy the single family residence and “commute” to your place of business just steps away from your front door. In either case, the pricing for this offering is supported by the purchase vs. lease analysis located further in this offering, by supporting comparable data for single family home sales and on-market in the area, and finally by unimproved land sales.

FOR SALE DETAILS

PRICE

$940,000 USD

PRICE/SF

$187 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1952

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

RR2

APN/PARCEL ID

056-562-020

ASK ABOUT THIS PROPERTY

Quentin CarusoMarcus & MillichapMore Info
510-926-9048

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Quentin CarusoMarcus & MillichapMore Info
510-926-9048

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