For Sale
$1,075,000

131 Liberty StPetaluma, CA 94952

Downtown Petaluma: 12-unit project, approved plans.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fully approved mixed-use development project in the heart of downtown Petaluma, California. Located at 131 Liberty Street, this 0.33-acre lot (14,558 square feet) spans from Liberty Street to Court Street, offering significant street frontage. The project encompasses 12 units: 10 residential and 2 commercial (one office, one retail). Residential space totals 14,594 square feet, while commercial space comprises 1,666 square feet. The residential units consist of five 1-bedroom plus den units, one 2-bedroom unit, and four 2-bedroom plus den units, plus one adaptable unit. Ample parking is provided with 20 spaces: nine garage spaces, six additional residential spaces, and five commercial spaces (including one covered ADA space). The project is nearly permit-ready, with the lot already rough-graded. This is an ideal acquisition for developers, contractors, or investors seeking a prime downtown Petaluma location with approved plans and significant upside potential. The asking price is $1,075,000. The property is zoned for both residential and commercial use.

Highlights

  • Fully approved mixed-use development condominium project.
  • 12-unit project: 10 residential, 2 commercial (1 office, 1 retail).
  • 14,594 sq ft residential, 1,666 sq ft commercial space.
  • Residential units: five 1-bed + den, one 2-bed, four 2-bed + den, plus one adaptable unit.
  • Permit-ready; lot rough-graded.
  • 20 parking spaces: 9 garage, 6 residential, 5 commercial (including 1 covered ADA space).

Property Details for 131 Liberty St

Property type
Land
Lot Size (sq. ft)
14,375 SF
Units
12

Location Insight

City
Petaluma
County
Sonoma
State
California
Latitude
38.2341101
Longitude
-122.6438833
131 Liberty St, Petaluma, California

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131 Liberty St
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