504 Cloverdale BlvdCloverdale, CA 95425

Property Details for 504 Cloverdale Blvd

Year built

1948

Construction

WOOD

Lot size

0.23 AC

Property size (Sq ft)

2,102 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

001-151-016-000

APU

1151016000

Description

This exceptional turn-key opportunity in Cloverdale, CA, presents a rare chance to acquire a thriving Italian restaurant and its accompanying real estate. Located at 504 N Cloverdale Boulevard, this property boasts a prime corner lot with 0.22 acres of land. The well-established restaurant has served the community for 23 years, offering both indoor and outdoor seating. The indoor dining area comfortably accommodates 75 patrons, while the outdoor patio provides seating for an additional 45. A significant advantage is the inclusion of all interior fixtures and equipment, with a detailed inventory available upon request. The property also includes a convenient attached one-bedroom, one-bathroom apartment, ideal for owner occupancy or rental income. Parking is ample, with 12 allocated spaces supplemented by convenient street parking. The property's Mixed Use Commercial (MUC) zoning allows for a wide range of potential uses, including retail, high-density residential, public facilities, hotels, and motels. Its location on the main street, next to public transit, and with easy access to Highway 101 in both directions, ensures high visibility and accessibility. Just an hour from San Francisco, this property offers unparalleled convenience and potential. The motivated sellers are ready to facilitate a smooth transition for the new owner. This is a truly unique opportunity to own both a successful business and valuable real estate in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $847,725

  6.5%

  $782,515

  7%

  $726,621

• Comparable approach

  Method

  Valuation

  Relative Method

  $971,987

  Geo Method

  $756,311

• Alternative Use

  Use

  Valuation

  Residential

  $660,081

  Hospitality

  $604,631

  Educational

  $503,046

  Medical

  $520,346

  Retail

  $782,515

Location Insight

City

Cloverdale

County

Sonoma

State

California

Latitude

38.8107

Longitude

-123.021

CBSA code

42220

CBSA name

SANTA ROSA-PETALUMA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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