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Listed by Rami Batarseh • Batarseh Real Estate
$ 4,200,000
Est. payment | /mo
20,760 SqFt
$ 4,200,000
Est. payment | /mo
20,760 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 20,760 sqft
Price per Sqft $202
MLS Listing ID 325072769
HOA Y/N Yes
Year Built 1932
Property Sub-Type Mixed Use
Property Description
Located in the heart of Santa Rosa's vibrant 4th Street business district, the iconic Kress Building is surrounded by boutique shops, acclaimed restaurants, lively bars, and entertainment, with multiple public parking garages nearby. This landmark property features two structures on one parcel, including retail/restaurant space leased to Darbar Kitchen (with plans to subdivide for a new 1,800 SF retail unit, increasing the projected CAP rate to 6.8 from the current 5.5), retail space at 618 5th Street leased to Clone Digital, and full-service leased office suites with a strong rental history. Professionally managed, with HVAC units less than five years old, the property offers stable income and prime downtown exposure.
Location
State CA
County Sonoma
Area Santa Rosa-Northeast
Building
Story 2
Level or Stories 2
Others
Special Listing Condition None
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