For Sale
$6,500,000

254 1St StSonoma, CA 95476

31 Units, Prime Downtown Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 1.96-acre property in Sonoma, CA (APN 018-131-018), offers a unique opportunity to develop a 31-unit luxury condominium complex. Located at 254 1st St E, 95476, this fully entitled project boasts a prime location just steps from the historic Sonoma Plaza and Depot Park. The development plan includes a mix of unit sizes: twenty 850 sq ft one-bedroom units, two 800 sq ft affordable one-bedroom units, four 1,211 sq ft two-bedroom units, and five 1,857 sq ft two-bedroom units featuring third-floor view decks. Residents will enjoy ample amenities, including a community pool, outdoor gathering areas, and an established oak grove. The site currently features 32,729 square feet of existing office/warehouse space across six buildings, currently vacant, providing immediate income potential. The property includes 41 parking spaces, accommodating electric vehicles. The project benefits from an easement for fire/emergency vehicle access via a nearby roadway. Buildings are designed with an angular layout maximizing natural light and outdoor space. The zoning is R3/H, and the asking price is $6,500,000. This development represents a rare chance to capitalize on Sonoma's strong residential market and deliver a high-end living experience in a highly desirable location. The project has received strong community support and is poised for immediate development.

Highlights

  • 31-unit luxury condominium development opportunity in Sonoma's historic Plaza area.
  • Strong residential market fundamentals, high demand from professionals and seniors.
  • First new construction within three blocks of Sonoma Plaza in decades.
  • Light, bright, functionally designed floor plans.
  • Fully entitled for 31 condominium units; existing office/warehouse structures on site.
  • Strong community support for the project.

Property Details for 254 1St St

Property type
Warehouses, Office properties
Square Feet
32,729 SF
Class
A
Buildings
6
Lot Size (sq. ft)
85,378 SF
Units
31

Location Insight

City
Sonoma
County
Sonoma
State
California
Latitude
38.2962648
Longitude
-122.4554507
254 1St St, Sonoma, California

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254 1St St
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