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501-505 Mendocino Ave
Santa Rosa, CA 95401
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Prime Corner location. Three tenant spaces all with food, beverage and entertainment service.
EXECUTIVE SUMMARY
Prime downtown corner building with two highly successful tenants with thriving businesses. One brand new vacancy of a restaurant/bar space with a large outdoor patio, perfect for owner/user. Several LOI's for the one vacant space have been received, however seller is keeping vacant for buyer to select own tenant.
Existing tenants include:
Cal Theatre (entertainment, restaurant & bar) https://www.caltheatre.com
Barrel Proof Lounge (entertainment, beer & wine) https://barrelprooflounge.com
Existing tenants include:
Cal Theatre (entertainment, restaurant & bar) https://www.caltheatre.com
Barrel Proof Lounge (entertainment, beer & wine) https://barrelprooflounge.com
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
15,647 SF
Building Class
B
Year Built/Renovated
1925/1980
Price
$2,400,000
Price Per SF
$153.38
Cap Rate
6%
NOI
$144,000
Percent Leased
74%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.82
Lot Size
0.44 AC
Opportunity Zone
Yes
Zoning
C-2, Santa Rosa - restaurant entertainment
Frontage
AMENITIES
- Corner Lot
- Courtyard
- Food Court
- Restaurant
- Signage
- Storage Space
PROPERTY TAXES
| Parcel Number | 010-044-008 | Improvements Assessment | $2,090,878 |
| Land Assessment | $696,950 | Total Assessment | $2,787,828 |
PROPERTY TAXES
Parcel Number
010-044-008
Land Assessment
$696,950
Improvements Assessment
$2,090,878
Total Assessment
$2,787,828
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