3320 Mendocino Avenue is a fully leased investment consisting of 6 residential units (2 attached SFR’s, 4 townhouses) and a freestanding commercial building occupied by the Wagon Wheel Bar, all situated on an approximately 1 acre parcel of land. The Wagon Wheel Bar is a Santa Rosa institution in business since the 1940’s. The residential units were all substantially upgraded within the last 24 months. Because of the zoning (O) - Office allows for mixed use a buyer can further develop the property under various scenarios. Contact listing agent for details.
The residential units mostly have new wood/tile floors, newer appliances, furnaces, new fixtures, and show and rent very easily. There is an onsite shared coin laundry owned by landlord. There is abundant onsite parking allowing for the increased development.
This property features the essential real estate mantra – Location! Location! Location!
3320 Mendocino Avenue is located two blocks west of US 101 at the intersection with Bicentennial Way in the NW area of Santa Rosa. It is adjacent to the Fountaingrove neighborhood which is known to be home to some of the city’s wealthiest residents. Fountaingrove and Skyfarm neighborhoods together comprise the most expensive neighborhoods in the city and the county as a whole. Fountaingrove contains a mix of high quality office buildings and exclusive homes. The NW corner from 3320 Mendocino Ave is occupied by Kaiser Hospital, the SW corner by a Class A office building, and the NE corner is currently slated for redevelopment as a mixture of retail and office space. Directly behind the property up the hill are new apartment complexes and a Home Depot and Lucky Food Store.
