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Listed by William Severi North Bay Property Advisors
$ 2,980,000
Est. payment | /mo
0.72 Acres Lot
$ 2,980,000
Est. payment | /mo
0.72 Acres Lot
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 326050493
HOA Y/N No
Year Built 1968
Lot Size 0.720 Acres
Acres 0.72
Property Sub-Type Office
Property Description
A once-in-a-generation opportunity to occupy and own the most prominent corner in downtown Santa Rosa. 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 perks like reduced impact fees and provides other perks 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 (see nearby downtown development page).
Location
State CA
County Sonoma
Area Santa Rosa-Northeast
Exterior
Private Pool No
Building
Level or Stories 2
Others
Tax ID 009071020000
Special Listing Condition Other
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