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159-163 Kentucky St 9,600 SF 100% Leased Retail Building Petaluma, CA 94952 $2,100,000 ($218.75/SF) 6.02% Cap Rate
Executive Summary
The historic landmark Herold Building in downtown Petaluma at the corner of Kentucky and Washington Streets . Fully leased, this multi-tenant building has 4 ground floor retail tenants and 9 2snd floor office tenants. The building has fire sprinklers on all levels including the walk-in basement, is seismically reinforce, all units have central heat and air conditioning and the building as upgraded electrical systems. A chance to own a trophy landmark building in the bustling downtown Petaluma core. A new roof was installed in 2026 with a 15 year warranty.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,600 SF
Building Class
C
Year Built
1899
Price
$2,100,000
Price Per SF
$218.75
Cap Rate
6.02%
NOI
$126,460
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.00
Lot Size
0.11 AC
Zoning
CITYPE - MU-2, Mixed use
Frontage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Professional, Scientific, and Technical Services
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Lorem Ipsum
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Jan 0000
Cheryl Spaulding Photography specializes in maternity, family and newborn portraits in Petaluma, CA.
- Esthetics
- Services
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$9.99
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Professional, Scientific, and Technical Services | - | - | Lorem Ipsum | Jan 0000 | |
| Esthetics | Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
Exceptionally walkable
90/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 006-363-012 | Improvements Assessment | $26,946 |
| Land Assessment | $59,310 | Total Assessment | $86,256 |
Property Taxes
Parcel Number
006-363-012
Land Assessment
$59,310
Improvements Assessment
$26,946
Total Assessment
$86,256
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Contact the Sale Advisor
159-163 Kentucky St