126 Cloverdale BlvdCloverdale, CA 95425

Property Details for 126 Cloverdale Blvd

Year built

1949

Construction

TILT-UP CONCRETE

Lot size

0.19 AC

Property size (Sq ft)

2,970 SF

Property type

Office buildings

APN

001-172-008-000

APU

1172008000

Description

This exceptional commercial property at 126 N Cloverdale Boulevard in Cloverdale, CA presents a rare investment opportunity. The building offers 3380 square feet of well-maintained office space situated on a 0.19-acre lot (8100 square feet). Seven dedicated parking spaces are included, providing ample convenience for tenants and visitors. The property has undergone extensive remodeling and upgrades, ensuring a modern and functional workspace. Currently, the building is fully leased with long-term tenants, including the Cloverdale Chamber of Commerce, providing immediate and stable cash flow. Its prime location adjacent to City Hall in downtown Cloverdale guarantees high visibility and easy accessibility, making it an ideal location for a variety of businesses. This property hasn't been on the market in over 30 years, representing a unique chance to acquire a piece of Cloverdale's commercial history. The strong tenant occupancy, coupled with the desirable location and recent improvements, makes this a compelling investment for both seasoned investors and entrepreneurs seeking a strategic foothold in a thriving downtown area. The asking price is $879,000. This is a truly exceptional opportunity not to be missed.

• CAP approach

  CAP return

  Valuation

  6%

  $814,820

  6.5%

  $752,141

  7%

  $698,417

• Comparable approach

  Method

  Valuation

  Relative Method

  $544,984

  Geo Method

  $424,057

• Alternative Use

  Use

  Valuation

  Residential

  $932,655

  Hospitality

  $854,307

  Educational

  $710,773

  Medical

  $735,218

  Retail

  $1,105,647

Location Insight

City

Cloverdale

County

Sonoma

State

California

Latitude

38.8065

Longitude

-123.017

CBSA code

42220

CBSA name

SANTA ROSA-PETALUMA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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