108 Petaluma Blvd 4,870 SF 33% Leased Retail Building Petaluma, CA 94952 $2,021,355 CAD ($415.06 CAD/SF) 4.18% Cap Rate

This mixed-use retail and office building at 108 Petaluma Boulevard North offers a rare opportunity to acquire a property in the heart of downtown Petaluma. The building totals approximately 4,870 square feet across three levels, including a street-level retail space, a mezzanine, and an upper-level office area. Originally constructed in the 1890s with an addition in the 1930s, the structure features brick construction with a built-up roof and has undergone multiple improvements over time, including seismic upgrades and interior remodels.
The property is situated on a ±2,346 square foot lot and benefits from high visibility along Petaluma Boulevard with unobstructed views of the Petaluma River. Its location within the Central Petaluma Specific Plan (T-6) and Historic Combining District provides a unique setting for investment. Zoning is MU2, allowing for a variety of uses under the city’s mixed-use guidelines. The building is within the Downtown Assessment District, offering convenient access to parking and surrounding amenities.
This asset combines historic character with functional adaptability, making it suitable for retail, office, or potential residential conversion. Positioned in a vibrant downtown corridor, the property provides an opportunity to own a distinctive building in a highly desirable location with strong pedestrian activity and proximity to the riverfront.