4019 Sebastopol Rd - Commercial LAND FOR SALE


Santa Rosa, CA 95407- Wright Area174,240 SF
$2,500,000 USD
415-516-1863
4019 Sebastopol Rd, Santa Rosa, CA for Sale
$2,500,000 USD
Commercial LAND - FOR SALE
1/17
174,240 SF

4019 Sebastopol Rd
Santa Rosa, CA 95407
Wright Area


HIGHLIGHTS

  • PRIME DEVELOPMENT LAND
  • ZONED FOR 75+ MULTI FAMILY

OVERVIEW

PROPERTY IS CURRENTLY 100% LEASED. GENERATING $153,600 PER YEAR. TENANTS ARE PARKER PERFORMANCE, FRANKS TOWING AND IMPOUND AND COMMIUNITY BIKES. RENTS ARE EXTREMELY LOW. FRANKS TOW AND COMMUNITY BIKES ARE ON MONTH TO MONTH. PARKER PERFORMANCE HAS 4 YEARS REMAINING ON A 5 YEAR LEASE WITH A LESSOR TERMINATION CLAUSE OPTION AT THE 48TH MONTH. PROPERTY IS ON WELL WATER AND SEPTIC. ALL TENANTS PAY FOR THEIR OWN UTILITIES. OWNER HAS RECENTLY RENOVATED AND COMPLETED ALL DEFERRED MAINTENANCE ITEMS ON ALL IMPROVEMENTS ON THE PROPERTY. INCLUDING UPGRADING THE SEPTIC SYSTEM, INSTALLING NEW WELL EQUIPMENT AND FILTRATION SYSTEM FOR THE WATER. PROPERTY IS ZONING R-18 / CG. OWNER HAD FEASIBILITY STUDY DONE BY AXIA ARCHITECS SHOWING ALLOWABLE USES INCLUDE MULTI FAMILY OF 75+ UNITS, A SMALL LOT SUBDIVISION OF 29 SFR LOTS. STUDENT HOUSING WITH LIMITED RETAIL.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/ACRE

$625,000/AC

PRICE/SF

$14 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

DEVELOPMENT LAND with INCOME

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Apartment Units, Apartment Units - Condo, Apartment Units - Dorms, Planned Unit Development

LAND ACRES

4 AC

LAND SF

174,240 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Cable, Telephone, Irrigation

ZONING

R-18 / CG

APN/PARCEL ID

035-063-006

ASK ABOUT THIS PROPERTY

Gary GustafsonSVN | MG Property Advisors, Inc.More Info
415-516-1863

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Gary GustafsonSVN | MG Property Advisors, Inc.More Info
415-516-1863

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