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925-927 Broadway
Sonoma, CA 95476
Retail Property For Sale


EXECUTIVE SUMMARY
925-927 Broadway Street is a single-story, two-tenant retail property located on one of the three most- traveled arterials, and the gateway to Sonoma Plaza in the heart of the T own of Sonoma.
The subject property is comprised of two retail spaces of 2,130, and 1,502 square feet. The larger of the spaces has been occupied by a convenience-store retailer who has established substantial goodwill in the community and has been in occupancy of the subject property for decades. The smaller space was only recently occupied by a donut/pastry specialty foods retailer who built the interior space out to its specifications, including high quality fixtures, furnishings and equipment (FF&E”). Regretfully, the tenant was seemingly unprepared for the challenges of operating a new retail business and was unable to continue operations. It is believed there is at least one similar type of retailer who is likely to enter into a new lease for the space; the pro forma rent details are located further in this offering memorandum.
The subject property enjoys high-impact monument signage on Broadway Street. The 3,632 square feet of gross area improvements are situated on a parcel of 13,775 square feet. There is ample on-site and curbside parking directly in front of the property on Broadway Street. With Sonoma Valley High School across the street, and dense, single-family residential surrounding the property, and visibility from high vehicular traffic counts on Broadway Street, 925-927 Broadway Street is a secure leased investment which will enjoy strong occupancy levels, producing passive cash flows for years to come.
The subject property is comprised of two retail spaces of 2,130, and 1,502 square feet. The larger of the spaces has been occupied by a convenience-store retailer who has established substantial goodwill in the community and has been in occupancy of the subject property for decades. The smaller space was only recently occupied by a donut/pastry specialty foods retailer who built the interior space out to its specifications, including high quality fixtures, furnishings and equipment (FF&E”). Regretfully, the tenant was seemingly unprepared for the challenges of operating a new retail business and was unable to continue operations. It is believed there is at least one similar type of retailer who is likely to enter into a new lease for the space; the pro forma rent details are located further in this offering memorandum.
The subject property enjoys high-impact monument signage on Broadway Street. The 3,632 square feet of gross area improvements are situated on a parcel of 13,775 square feet. There is ample on-site and curbside parking directly in front of the property on Broadway Street. With Sonoma Valley High School across the street, and dense, single-family residential surrounding the property, and visibility from high vehicular traffic counts on Broadway Street, 925-927 Broadway Street is a secure leased investment which will enjoy strong occupancy levels, producing passive cash flows for years to come.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,632 SF
Building Class
C
Year Built
1983
Price
$2,578,363 CAD
Price Per SF
$709.90 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.32 AC
Zoning
NC - Neighborhood Commercial
Parking
16 Spaces (4.41 Spaces per 1,000 SF Leased)
Frontage
83’ on Broadway
AMENITIES
- Pylon Sign
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 128-082-015 | Improvements Assessment | $2,113,665 CAD |
| Land Assessment | $1,409,110 CAD | Total Assessment | $3,522,775 CAD |
PROPERTY TAXES
Parcel Number
128-082-015
Land Assessment
$1,409,110 CAD
Improvements Assessment
$2,113,665 CAD
Total Assessment
$3,522,775 CAD
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