551 Mendocino Avenue is a multi-tenant retail building spanning 8,004 square feet on a 14,490 square foot parcel, offering strong existing income potential with unparalleled redevelopment upside. In the heart of the rapidly growing downtown, the property’s CMU zoning allows for a 4.0 Floor Area Ratio, unlocking the potential for up to a +/-57,960 square foot mixed-use development featuring retail, office, residential, or hospitality uses. Located in a federally designated Opportunity Zone, this parcel provides investors with significant tax advantages, including capital gains deferrals and potential tax-free appreciation on long-term holding. 551 MENDOCINO AVE | SANTA ROSA The surrounding area is undergoing substantial transformation, with multiple large-scale developments, including new housing projects, hotel expansions, and commercial renovations contributing to Santa Rosa’s urban growth. This is a rare opportunity to capitalize on a high-profile downtown location with built-in foot traffic and flexible zoning. The property has the following addresses: 450 10th Ave, 452 10th Ave, 456 10th Ave, 551 Mendocino Ave, 553 Mendocino Ave, 555 Mendocino Ave