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Exceptional Restaurant and Bar For Sale 5151 Montero Way 10,500 SF Retail Building Petaluma, CA 94954 $3,500,000 ($333.33/SF)
EXECUTIVE SUMMARY
Rare Offering with Real Estate, Card Room, and Liquor License Opportunity
Located at the gateway to Petaluma with unmatched Highway 101 visibility, this ±9,000 SF building on 2.25 acres was historically home to Sonoma Joe’s, later converted into the 101 Casino, and most recently operated as Parkwest Casino - a fully licensed card room with restaurant and bar.
The offering includes the real estate, card room gaming assets and business, and the opportunity to acquire a California Type 47 On-Sale General License (unpriced). This creates a unique turnkey solution for an operator seeking to establish or expand a card room and hospitality concept in one of Sonoma County’s most prominent locations.
Property Highlights
• Real Estate: ±9,000 SF building on 2.25 acres
• Unmatched Highway 101 visibility with 400+ feet of frontage
• Card Room Gaming Assets & Business Available (equipment & tables)
• Type 47 "On-Sale General" License available (unpriced)
• 103 on-site parking spaces (11 per 1,000 SF)
• Large sky monument sign
• Fully outfitted kitchen and bar with walk-in coolers and storage
• Zoned C2 Community Commercial
Card Room Business and Type 47 License are Unpriced
Located at the gateway to Petaluma with unmatched Highway 101 visibility, this ±9,000 SF building on 2.25 acres was historically home to Sonoma Joe’s, later converted into the 101 Casino, and most recently operated as Parkwest Casino - a fully licensed card room with restaurant and bar.
The offering includes the real estate, card room gaming assets and business, and the opportunity to acquire a California Type 47 On-Sale General License (unpriced). This creates a unique turnkey solution for an operator seeking to establish or expand a card room and hospitality concept in one of Sonoma County’s most prominent locations.
Property Highlights
• Real Estate: ±9,000 SF building on 2.25 acres
• Unmatched Highway 101 visibility with 400+ feet of frontage
• Card Room Gaming Assets & Business Available (equipment & tables)
• Type 47 "On-Sale General" License available (unpriced)
• 103 on-site parking spaces (11 per 1,000 SF)
• Large sky monument sign
• Fully outfitted kitchen and bar with walk-in coolers and storage
• Zoned C2 Community Commercial
Card Room Business and Type 47 License are Unpriced
PROPERTY FACTS
Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
10,500 SF
Building Class
B
Year Built
1975
Price
$3,500,000
Price Per SF
$333.33
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
2.25 AC
Zoning
CITYPE, Petaluma
Parking
103 Spaces (11.44 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 007-421-027 | Improvements Assessment | $1,181,792 |
| Land Assessment | $2,425,070 | Total Assessment | $3,606,862 |
PROPERTY TAXES
Parcel Number
007-421-027
Land Assessment
$2,425,070
Improvements Assessment
$1,181,792
Total Assessment
$3,606,862
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Exceptional Restaurant and Bar For Sale | 5151 Montero Way
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