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551-555 Mendocino Ave 8,004 SF 34% Leased Retail Building Santa Rosa, CA 95401 $2,740,360 CAD ($342.37 CAD/SF)
INVESTMENT HIGHLIGHTS
- Prime Downtown Santa Rosa Location – Walking distance from Courthouse Square, SMART Train, and major retail hubs
- Existing Tenant Base – Income-generating multi-tenant retail asset
- CMU Zoning Flexibility – Supports office, retail, high density residential, hotel, and other commercial uses
- Located in a Qualified Opportunity Zone – Significant tax incentives for investors
- Significant Redevelopment Potential – 4.0 Floor Area Ratio allows for up to a +/-57,960 square foot mixed-use project
- Surrounded by Active Developments – Positioned in the heart of Santa Rosa’s revitalization efforts
EXECUTIVE SUMMARY
551 Mendocino Avenue is a multi-tenant retail building spanning 8,004 square feet on a 14,490 square foot parcel, offering strong existing income potential with unparalleled redevelopment upside. In the heart of the rapidly growing downtown, the property’s CMU zoning allows for a 4.0 Floor Area Ratio, unlocking the potential for up to a +/-57,960 square foot mixed-use development featuring retail, office, residential, or hospitality uses. Located in a federally designated Opportunity Zone, this parcel provides investors with significant tax advantages, including capital gains deferrals and potential tax-free appreciation on long-term holding. 551 MENDOCINO AVE | SANTA ROSA The surrounding area is undergoing substantial transformation, with multiple large-scale developments, including new housing projects, hotel expansions, and commercial renovations contributing to Santa Rosa’s urban growth. This is a rare opportunity to capitalize on a high-profile downtown location with built-in foot traffic and flexible zoning. The property has the following addresses: 450 10th Ave, 452 10th Ave, 456 10th Ave, 551 Mendocino Ave, 553 Mendocino Ave, 555 Mendocino Ave
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
8,004 SF
Building Class
B
Year Built
1947
Price
$2,740,360 CAD
Price Per SF
$342.37 CAD
Percent Leased
34%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.55
Lot Size
0.33 AC
Opportunity Zone
Yes
Zoning
CMU - CMU (Core Mixed Use) district. Potential to redevelop existing retail building up to 57,960 square feet.
Parking
15 Spaces (1.87 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signalized Intersection
- Air Conditioning
Walk Score®
Walker's Paradise (97)
Bike Score®
Very Bikeable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 010-035-004 | Improvements Assessment | $1,930,759 CAD |
| Land Assessment | $404,093 CAD | Total Assessment | $2,334,852 CAD |
PROPERTY TAXES
Parcel Number
010-035-004
Land Assessment
$404,093 CAD
Improvements Assessment
$1,930,759 CAD
Total Assessment
$2,334,852 CAD
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551-555 Mendocino Ave
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