For Sale
$2,900,000

450 Lakeville StPetaluma, CA 94952

Prime Downtown Location, High-Demand Area

Overview

Added:
Feb 3
Days on market:
61
This exceptional 0.64-acre mixed-use property at 450 Lakeville Street, Petaluma, CA, presents a significant development opportunity in a thriving downtown location. Priced at $2,900,000, this property offers unparalleled convenience with close proximity to the SMART train station, providing easy access to public transportation. Its strategic location also ensures convenient access to major freeways, facilitating seamless commutes. The property benefits from its proximity to a vibrant array of shopping, dining, and entertainment options within Petaluma's bustling downtown core. The existing tenants generate a current income stream, providing a stable financial foundation while navigating the approval process for any proposed development. This site is ideally suited for projects addressing the increasing need for affordable housing or other business ventures. The high demand for both residential and commercial spaces in this area makes this a compelling investment for developers seeking to capitalize on a prime location within a dynamic and growing community. The property's versatility allows for a range of development possibilities, including residential, retail, or mixed-use projects, catering to the diverse needs of the community. This is a rare chance to acquire a property with significant potential in a highly desirable area of Petaluma. The existing infrastructure and convenient location minimize development challenges, making this an attractive proposition for investors and developers alike.

Property Details for 450 Lakeville St

Property type
Mixed-use properties
Year Built
1981
Lot Size (sq. ft)
27,878 SF

Location Insight

City
Petaluma
County
Sonoma
State
California
Latitude
38.23533
Longitude
-122.6294
450 Lakeville St, Petaluma, California

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450 Lakeville St
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