115 E 2nd St 4,800 SF 100% Leased Retail Building Cloverdale, CA 95425 $1,500,000 ($312.50/SF) 3.60% Cap Rate

Exceptional Downtown Cloverdale Development Opportunity
Located in the heart of Cloverdale’s vibrant and expanding downtown district, 115 E 2nd Street presents a rare opportunity to acquire a highly visible corner development parcel at Main Street and 2nd Street, just one block from the historic downtown plaza.
The property consists of a prominently positioned lot with CITYCL zoning (Central Commercial), allowing for a wide range of potential uses and significant development flexibility. The site offers the potential for multi-story development of up to three stories, making it ideally suited for a mixed-use project with ground-floor commercial space and residential units above, or a variety of other commercial or residential configurations consistent with downtown zoning.
Currently situated on the property is a distinctive metal structure with a second story, leased to the popular Dahlia & Sage Community Market, a beloved local grocery store serving Cloverdale residents and visitors alike. The tenant has a lease in place through September 2028 with a three-year renewal option, providing stable income and the opportunity to hold the property as a performing investment while planning future development.
One of the most compelling aspects of this offering is the potential to develop portions of the site while retaining the existing structure, allowing an investor or developer to generate ongoing rental income during the development process. Creative site planning may allow construction around or adjacent to the current building while preserving the income-producing component.
Cloverdale continues to experience renewed economic energy and investment in its downtown corridor, with growing tourism, wineries, restaurants, arts programming, and community events centered around the downtown plaza just steps away. Properties offering both current income and prime redevelopment potential in this location rarely become available.
For investors, developers, or visionaries looking to participate in the continued evolution of downtown Cloverdale, this property represents a compelling opportunity to secure a strategic corner parcel in one of Northern Sonoma County’s most charming and opportunity-rich communities.