320 Washington StPetaluma, CA 94952

  • Office properties
  • 2,277 SF
For Sale
$1,100,000 View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
320 Washington St, Petaluma, California

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

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
$2,200
$119,896
$63,268
$183,164
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