401 Washington St
Petaluma, CA 94952
Retail Property For Sale

This neighborhood strip center has five spaces. and offers prospective buyers an opportunity in the desirable center of Petaluma. Tenants are currently paying rent ranging from $0.88 - $1.25 per square foot. Market rate is closer to $1.50 per square foot. The property benefits from an Environmental Indemnification and Hold Harmless Agreement by Shell Oil Company, which owns the neighboring parcel. In the Agreement, Shell Oil Company agrees to provide indemnifications and to hold harmless the current and future owners from environmental claims related to leakage from its storage tanks. The property is located on Washington Street, near Petaluma' s historic downtown area. Close proximity to public transportation as well as Petaluma' s many retail, dining and entertainment businesses.