320 Washington StPetaluma, CA 94952

Property Details for 320 Washington St

Year built

1916

Construction

WOOD

Lot size

0.14 AC

Property size (Sq ft)

2,277 SF

Property type

Office buildings

APN

006-273-011-000

APU

6273011000

Description

This exceptional mixed-use property at 320 Washington Street in Petaluma, California, presents a compelling investment opportunity. Situated on a 0.14-acre lot, the building offers versatile usage potential, ideal for both owner-occupancy and rental income generation. The MU2 (Mixed Use 2) zoning allows for a wide range of commercial and potentially residential applications. Multiple entrances cater to single or multiple tenants, maximizing flexibility and potential revenue streams. Convenient on-site and street parking ensures ease of access for both occupants and customers. The property's strategic location provides proximity to Petaluma's vibrant historic downtown, brimming with diverse restaurants and shopping options, enhancing its appeal and attracting a broad customer base. The building's size, while not specified in square footage, is well-suited for a variety of businesses or a combination of commercial and residential uses. This property represents a rare chance to acquire a well-positioned mixed-use asset in a thriving California town, offering significant long-term growth potential and immediate income generation possibilities. The asking price is $1,100,000. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $624,695

  6.5%

  $576,642

  7%

  $535,453

• Comparable approach

  Method

  Valuation

  Relative Method

  $417,821

  Geo Method

  $635,078

• Alternative Use

  Use

  Valuation

  Residential

  $715,035

  Hospitality

  $654,969

  Educational

  $544,926

  Medical

  $563,667

  Retail

  $847,663

Location Insight

City

Petaluma

County

Sonoma

State

California

Latitude

38.2349

Longitude

-122.645

CBSA code

42220

CBSA name

SANTA ROSA-PETALUMA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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