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Retail/ Residential Development Opportunity 2265 Cleveland Ave 3,480 SF Retail Building Santa Rosa, CA 95403 $1,931,949 CAD ($555.16 CAD/SF)



INVESTMENT HIGHLIGHTS
- High visibility location
- Potential for various business ventures
- Proximity to consumer activity
- Retail or Residential Development Potential
EXECUTIVE SUMMARY
his property consist of a vacant restaurant building with approximately 3,480 square feet on two levels and 16 car parking., as well as an additional buildable lot. The building was most recently occupied by the New China Restaurant a successful Chinese restaurant since the 1980s. This is a great opportunity for a developer to re-brand with property for a national tenant needing drive-up services. The on-site parking and adjacent land gives a wide variety of business opportunity for Medical, Banks, offices, retail space uses as well its drive-up potential.
Built in 1981, it is in need of extensive rehab. The property offers versatility and potential for a range of business ventures. included in the offering is an adjacent vacant lot of approximately 12,200 square feet at 1135 West Steele Lane. The West Steele Lane site is zoned CO and is located in the North Station Area Priority Development Area allowing a Residential Mixed Use new development.
With a strategic location in the heart of Santa Rosa, investors can capitalize on the area's commercial opportunities and high visibility. Don't miss out on this chance to secure a valuable development opportunity in a thriving retail market.
Built in 1981, it is in need of extensive rehab. The property offers versatility and potential for a range of business ventures. included in the offering is an adjacent vacant lot of approximately 12,200 square feet at 1135 West Steele Lane. The West Steele Lane site is zoned CO and is located in the North Station Area Priority Development Area allowing a Residential Mixed Use new development.
With a strategic location in the heart of Santa Rosa, investors can capitalize on the area's commercial opportunities and high visibility. Don't miss out on this chance to secure a valuable development opportunity in a thriving retail market.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,480 SF
Building Class
B
Year Built
1981
Price
$1,931,949 CAD
Price Per SF
$555.16 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.38 AC
Zoning
CG
Parking
20 Spaces (5.75 Spaces per 1,000 SF Leased)
Frontage
122’ on Cleveland
AMENITIES
- Restaurant
- Signage
- Monument Signage
Walk Score®
Very Walkable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,009,905 CAD | |
| Land Assessment | $507,269 CAD | Total Assessment | $1,517,174 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$507,269 CAD
Improvements Assessment
$1,009,905 CAD
Total Assessment
$1,517,174 CAD
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Retail/ Residential Development Opportunity | 2265 Cleveland Ave
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