2700 Mendocino AveSanta Rosa, CA 95403

Property Details for 2700 Mendocino Ave

Year built

1987

Construction

TILT-UP CONCRETE

Lot size

0.97 AC

Property size (Sq ft)

4,944 SF

Property type

Retail properties

Property subtype

Other car washes

APN

180-040-004-000

APU

180040004000

Description

This exceptional car wash business in Santa Rosa, CA, presents a lucrative investment opportunity. Located on Mendocino Ave, this full-service facility boasts impressive annual sales revenues of approximately $1.9 million. The property enjoys a high-traffic location with over 28,000 vehicles passing daily, situated in a thriving area with a population exceeding 195,000 within a 5-mile radius and average household incomes over $104,000. Its current configuration offers significant potential for conversion to a high-demand express car wash model. The business is currently absentee-owned and operated, providing flexibility for new ownership. The asking price for this established and profitable business is $7,990,000. This presents a rare chance to acquire a well-established business in a prime location within Sonoma County, California, zip code 95403. Santa Rosa's status as the largest city in California's wine country and Redwood Coast, and the fifth largest in the Bay Area, further enhances the property's long-term growth prospects. The property's address is 2700 Mendocino Ave, Santa Rosa, CA.

• CAP approach

  CAP return

  Valuation

  6%

  $1,993,888

  6.5%

  $1,840,512

  7%

  $1,709,047

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,286,159

  Geo Method

  $1,778,879

• Alternative Use

  Use

  Valuation

  Residential

  $1,552,541

  Hospitality

  $1,422,119

  Educational

  $1,183,186

  Medical

  $1,223,878

  Retail

  $1,840,512

Location Insight

City

Santa Rosa

County

Sonoma

State

California

Latitude

38.4671

Longitude

-122.72

CBSA code

42220

CBSA name

SANTA ROSA-PETALUMA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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