REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Ivan Leung Compass
$ 1,600,000
Est. payment | /mo
6,865 SqFt
$ 1,600,000
Est. payment | /mo
6,865 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Pending
Purchase Type For Sale
Square Footage 6,865 sqft
Price per Sqft $233
MLS Listing ID 324073274
HOA Y/N No
Year Built 1980
Lot Size 1.485 Acres
Acres 1.4846
Property Description
Unique opportunities of acquiring 2 properties at 1 price. The first property at 2801 - 4th Street (Parcel #181-180-001), approx. 3,000 sq ft building sitting on a approx. 20,000 sq ft lot, is occupied by Bank of Montreal being the master tenant. The 2nd property at 190 Farmers Lane (Parcel #181-180-002) is a restaurant sub-letting from Bank of Montreal. The restaurant building has approx. 3,900 sq ft sitting on a huge lot of about 45,000 sq ft. The master lease will expire in 2033. Steady return with huge increase on rental income upon the lease expiration. Plenty of time for planning of re-development on a lot of approx. 1.5 acre combined, with a strong steady income at the meantime!
Location
State CA
County Sonoma
Area Santa Rosa-Northeast
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 181180001000
