315 Lakeville St Petaluma, CA 94952

This exceptional 7,906 square foot commercial land parcel in Petaluma, CA, presents a remarkable investment opportunity. Located at 315 Lakeville St, across from the Smart Train station, this property is zoned MU1A, allowing for a variety of mixed-use developments. Approved plans exist for a two-story residential building comprising four attached units, each ranging from approximately 1,700 to 1,827 square feet. The development boasts nine off-street parking spaces, ensuring convenience for residents. The property offers dual access points on Lakeville and Erwin Streets, enhancing accessibility and visibility. Its strategic location provides easy access to the Theater District, Whole Foods, Starbucks, the Arts Center, and Steamer Landing Park, all within the charming backdrop of Historic Downtown Petaluma. The MU1A zoning allows for a maximum floor area ratio of 2.5 and a maximum density of 30 units per acre, aligning with the city's vision for pedestrian-oriented, mixed-use development. This "shovel-ready" project presents strong income potential, making it an ideal investment for those seeking a high-return opportunity in a thriving California market. The asking price is $850,000, with ownership transferring at the close of escrow. The APN is 007-154-011.