167 Lynch Creek WayPetaluma, CA 94954

Property Details for 167 Lynch Creek Way

Year built

1983

Construction

WOOD

Lot size

0.03 AC

Property size (Sq ft)

1,400 SF

Property type

Office properties

APN

007-670-007-000

APU

7670007000

Description

This 1,400 square foot medical office condo in Petaluma, CA, is offered at $375,000 ($268/sq ft). Built in 1983, this single-story building (APN 007-670-007) is zoned PUD Marmon Medical Meadows and features four spacious exam rooms (one with plumbing), an x-ray room, doctor's office, waiting room, reception area, and a private restroom. Its end-cap location provides excellent visibility and easy access from the parking lot, with abundant natural light. The property is ideally situated near Petaluma Valley Hospital, offering convenient access to restaurants and shopping. Currently leased until January 15, 2025, with the tenant paying $3,000 per month plus association dues, this presents a great owner-user opportunity with short-term income potential. Quarterly association fees are $1,611 and include trash and common area maintenance. While currently configured for medical use (including chiropractic, acupuncture, optometry, allergy testing, med spas, physical therapy, medical massage, and alternative medicines), professional office uses may be possible with association approval. This turnkey space offers an exceptional opportunity for healthcare professionals seeking a well-established and convenient location.

• CAP approach

  CAP return

  Valuation

  6%

  $384,090

  6.5%

  $354,545

  7%

  $329,220

• Comparable approach

  Method

  Valuation

  Relative Method

  $256,895

  Geo Method

  $390,474

• Alternative Use

  Use

  Valuation

  Residential

  $439,635

  Hospitality

  $402,704

  Educational

  $335,045

  Medical

  $346,567

  Retail

  $521,181

Location Insight

City

Petaluma

County

Sonoma

State

California

Latitude

38.2512

Longitude

-122.634

CBSA code

42220

CBSA name

SANTA ROSA-PETALUMA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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