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Iconic Downtown Landmark Opportunity 10 Santa Rosa Ave 31,538 SF Office Building Santa Rosa, CA 95404 $2,980,000 ($94.49/SF)
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Investment Highlights
- Rare chance to own and occupy a landmark corner in Downtown Santa Rosa offering exceptional visibility, scale, and long-term redevelopment upside.
- Two-story 31,356-SF office and bank building on a 0.72-acre lot, extensively renovated with 14-foot clear heights, dual entries, and two elevators.
- Positioned at Santa Rosa Avenue and 3rd Street, the property benefits from strong daily traffic and walkable access to the Downtown Plaza and parking.
- Near the US Post Office, US Federal Building, City Hall, Old Courthouse Square, Barnes & Noble, Sonoma County Library, and Santa Rosa Plaza.
- Centrally located off the 101 for regional connectivity and within a revitalizing downtown district with new residential and mixed-use projects.
Executive Summary
The subject building is located at the southeast corner of Santa Rosa Avenue and 3rd Street, on a lot consisting of approximately 31,363+/- square feet. The lot is improved with a 2-story office building consisting of approximately 31,356+/- square feet. The building was reportedly built for Bank of America in circa 1968 and has been remodeled and improved significantly throughout the years. Some of the building features are: concrete block construction, concrete slab on grade foundation, glass, steel, open ground floor space with a 14' clear height, entry points on both the north and south ends, two elevators providing access to the second level. The second layout consists of two suites, a central lobby, a common hall, and main mechanical systems room. The HVAC system is fully operational and performing well.
The zoning is CMU-DSA [Commercial Mixed Use – Downtown Station Area] with a maximum base Floor Area Ratio of 8.0 [31,363+/- square foot lot multiplied by 8]. This would allow a total potential project size estimated to be 250,000+/- square feet. The zoning allows for a variety of mixed-uses including housing, office, and retail uses. The inclusion of the property in the Downtown Station Area Plan further adds incentives like reduced impact fees and provides other incentives like reducing on-site parking requirements. The property is boarded by the “Comstock Mall” to the south, which is a pedestrian thoroughfare connecting D street with Santa Rosa Avenue. The building services are brought in on this side, so there is no auto traffic to navigate when accessing utilities in the street.
Situated in the heart of Downtown Santa Rosa with average daily traffic counts of 13,681+/- along 3rd Street and 15,431+/- along Santa Rosa Avenue. The property is across the street from the downtown plaza, within walking distance of several parking garages and surface parking lots. Easy access to US Hwy 101 as well as several east/west thoroughfares. The downtown is going through a renaissance with several noticeable projects under construction or completed
The zoning is CMU-DSA [Commercial Mixed Use – Downtown Station Area] with a maximum base Floor Area Ratio of 8.0 [31,363+/- square foot lot multiplied by 8]. This would allow a total potential project size estimated to be 250,000+/- square feet. The zoning allows for a variety of mixed-uses including housing, office, and retail uses. The inclusion of the property in the Downtown Station Area Plan further adds incentives like reduced impact fees and provides other incentives like reducing on-site parking requirements. The property is boarded by the “Comstock Mall” to the south, which is a pedestrian thoroughfare connecting D street with Santa Rosa Avenue. The building services are brought in on this side, so there is no auto traffic to navigate when accessing utilities in the street.
Situated in the heart of Downtown Santa Rosa with average daily traffic counts of 13,681+/- along 3rd Street and 15,431+/- along Santa Rosa Avenue. The property is across the street from the downtown plaza, within walking distance of several parking garages and surface parking lots. Easy access to US Hwy 101 as well as several east/west thoroughfares. The downtown is going through a renaissance with several noticeable projects under construction or completed
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- Property Information
- Operating and Financials
- Third Party Reports
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Property Facts
Sale Type
Investment
Sale Condition
REO Sale
Property Type
Building Size
31,538 SF
Building Class
A
Year Built/Renovated
1968/2010
Price
$2,980,000
Price Per SF
$94.49
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
15,769 SF
Slab To Slab
14’
Building FAR
1.01
Lot Size
0.72 AC
Opportunity Zone
Yes
Zoning
CMU-DSA - Commercial Mixed Use - Downtown Station Area
Amenities
- Conferencing Facility
- Security System
- Signage
- Monument Signage
- Air Conditioning
- Fiber Optic Internet
Moderately walkable
70/100
Exceptionally drivable
100/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 009-071-020 | Improvements Assessment | $9,622,465 |
| Land Assessment | $1,227,068 | Total Assessment | $10,849,533 |
Property Taxes
Parcel Number
009-071-020
Land Assessment
$1,227,068
Improvements Assessment
$9,622,465
Total Assessment
$10,849,533
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