840 Cloverdale BlvdCloverdale, CA 95425
- Retail properties
- 4,413 SF
Property Details for 840 Cloverdale Blvd
- Year built
- 1921
- Construction
- WOOD
- Lot size
- 0.32 AC
- Property size (Sq ft)
- 4,413 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 116-040-032-000
- APU
- 116040032000
Description
This exceptional mixed-use property, located at 840 N Cloverdale Boulevard in Cloverdale, CA, presents a compelling investment opportunity. The historic Ice House building, totaling approximately 5,601 square feet, sits on a sizable 0.32-acre lot (roughly 14,000 square feet) offering excellent street visibility. Currently leased to a well-established manufacturing and distribution tenant with two years remaining on their initial lease term and an option to extend, this property provides immediate cash flow and long-term stability. The building has undergone significant renovations, including a new roof and HVAC system, along with extensive interior and exterior upgrades. Its versatile zoning allows for a variety of uses, including heavy retail, heavy commercial, and warehousing, making it adaptable to future market demands. Situated in Sonoma County's northernmost Wine Country community, this property benefits from a desirable location and strong potential for appreciation. The combination of a prime location, substantial recent improvements, and a secure, established tenant makes this a truly attractive investment for discerning buyers seeking a profitable and stable commercial asset. The property's history adds unique character, while its modern upgrades ensure functionality and efficiency. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving area.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,779,739
- 6.5%
- $1,642,836
- 7%
- $1,525,490
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,040,619
- Geo Method
- $1,587,822
-
Alternative Use
- Use
- Valuation
- Residential
- $1,385,793
- Hospitality
- $1,269,379
- Educational
- $1,056,109
- Medical
- $1,092,430
- Retail
- $1,642,836
Location Insight
- City
- Cloverdale
- County
- Sonoma
- State
- California
- Latitude
- 38.8141
- Longitude
- -123.023
- CBSA code
- 42220
- CBSA name
- SANTA ROSA-PETALUMA, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
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