153 Kentucky StPetaluma, CA 94952

  • Retail properties
  • 3,600 SF
For Sale
$1,199,000 View listing

Property Details for 153 Kentucky St

Year built
1910
Construction
TILT-UP CONCRETE
Lot size
0.08 AC
Property size (Sq ft)
3,600 SF
Property type
Retail properties
Property subtype
Retail space
APN
006-363-013-000
APU
6363013000

Description

This exceptional mixed-use property, situated at 153 Kentucky Street in the heart of historic downtown Petaluma, California, presents a compelling investment or owner-user opportunity. Spanning 0.08 acres, the property is zoned MU2 (Mixed-Use 2), offering considerable versatility for a range of potential uses. Currently generating income from existing tenants, this asset provides immediate cash flow. The building's location within Petaluma's vibrant downtown ensures high visibility and accessibility, attracting a diverse clientele. The property's rich history adds to its unique character and appeal. Investors and owner-users alike will appreciate the potential for long-term growth and profitability. The flexible zoning allows for exploration of various business ventures, subject to city approvals. Prospective buyers are encouraged to independently verify permitted uses with the City of Petaluma Planning Department to fully understand the development possibilities. This is a rare chance to acquire a piece of Petaluma's thriving downtown, offering a blend of immediate return and significant future potential. The property's central location and flexible zoning make it an ideal investment for those seeking a strong return on investment in a desirable California market. Serious inquiries are welcome.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,451,860
    6.5%
    $1,340,179
    7%
    $1,244,452
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,664,679
    Geo Method
    $2,530,272
  • Alternative Use

    Use
    Valuation
    Residential
    $1,130,491
    Hospitality
    $1,035,524
    Educational
    $861,543
    Medical
    $891,173
    Retail
    $1,340,179
153 Kentucky St, Petaluma, California

Location Insight

City
Petaluma
County
Sonoma
State
California
Latitude
38.235
Longitude
-122.642
CBSA code
42220
CBSA name
SANTA ROSA-PETALUMA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$1,396
$56,477
$51,664
$108,141
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