527 Washington StPetaluma, CA 94952

Property Details for 527 Washington St

Year built

1971

Construction

TILT-UP CONCRETE

Lot size

0.48 AC

Property size (Sq ft)

2,295 SF

Property type

Auto shops

APN

007-081-013-000

APU

7081013000

Description

This exceptional mixed-use property at 527 E Washington Street, Petaluma, CA, sits on a 0.48-acre lot and is priced at $1,599,000. Boasting a prime location on a high-traffic street with over 20,000 vehicles passing daily (per a 2020 City of Petaluma Public Works study), this property offers unparalleled visibility and accessibility. Currently configured as an automotive and small engine repair shop, the building includes four service bays, a dedicated parts room, and two half bathrooms, along with additional storage space. The MU1A zoning designation allows for a variety of potential uses, providing flexibility for future development. Interested parties are encouraged to contact the Petaluma planning department to explore potential rezoning or alternative uses. Its strategic proximity to downtown Petaluma and the train station ensures convenient access for both employees and customers. This property presents a rare opportunity for investors or business owners seeking a high-visibility location with significant potential for growth. Whether continuing the existing automotive repair business or exploring new ventures, this property offers a solid foundation for success in a highly desirable area. The combination of high traffic, convenient location, and versatile zoning makes this a truly unique investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $925,561

  6.5%

  $854,364

  7%

  $793,338

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,061,233

  Geo Method

  $1,613,048

• Alternative Use

  Use

  Valuation

  Residential

  $720,688

  Hospitality

  $660,146

  Educational

  $549,234

  Medical

  $568,123

  Retail

  $854,364

Location Insight

City

Petaluma

County

Sonoma

State

California

Latitude

38.2399

Longitude

-122.635

CBSA code

42220

CBSA name

SANTA ROSA-PETALUMA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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