Mixed-Use
20490 Broadway
20490 Broadway, Sonoma, CA 95476
Listing Price: $3,665,000
Investment Overview
20490 Broadway Street is a unique investment opportunity. The property is well suited to both the value-added investor and the owner-user investor. The property enjoys a high-impact, high-identity location on the signalized hard corner of Broadway Street and Leveroni / Napa Roads, the gateway to the heart of the Town of Sonoma. Providing diversity of income stream, the subject property is zoned for retail and residential use.
The approximately 8,526 square foot building comprised of an estimated 7,510 square feet of ground floor retail space with a single, one-bedroom/one-bath unit of approximately 1,016 square feet above the ground floor retail at the rear of the building. Currently, both the retail and residential portions of the property are fully occupied; however, current rent levels for both retail and residential are at a fraction of today’s market-correct rental rates. Fortunately, lease agreements for retail and residential are on a month-to-month basis, allowing for an immediate path to dramatically increased income.
In addition to the under-roof improvements, the ground floor retail enjoys a large outdoor area of 13,000 square feet, which the current retail tenant uses as a showroom for its outdoor furnishings product lines.
For the value-add investor, the unimpeded path to increased income and market value is derived simply from effective management and releasing of the retail and residential portions of the building at current market-correct rates. For the owner-user, purchasing 20490 Broadway Street using SBA-504 debt with only 10% down allows a retailer or other user to dramatically lower occupancy costs compared to leasing comparable retail space in the Town of Sonoma submarket, and enjoy the benefits of the additional income provided by the residential unit.
Investment Highlights
- Value-add or owner-user hard corner retail + multifamily unit in Sonoma Valley
- Lease agreements for retail and residential are on a month-to-month basis, allowing for an immediate path to dramatically increased income.
- Large outdoor area of 13,000 square feet, which the current retail tenant uses as a showroom for its outdoor furnishings product lines.
Exclusively Listed By
Listing Price: $3,665,000
Investment Highlights
- Value-add or owner-user hard corner retail + multifamily unit in Sonoma Valley
- Lease agreements for retail and residential are on a month-to-month basis, allowing for an immediate path to dramatically increased income.
- Large outdoor area of 13,000 square feet, which the current retail tenant uses as a showroom for its outdoor furnishings product lines.
Investment Overview
20490 Broadway Street is a unique investment opportunity. The property is well suited to both the value-added investor and the owner-user investor. The property enjoys a high-impact, high-identity location on the signalized hard corner of Broadway Street and Leveroni / Napa Roads, the gateway to the heart of the Town of Sonoma. Providing diversity of income stream, the subject property is zoned for retail and residential use. The approximately 8,526 square foot building comprised of an estimated 7,510 square feet of ground floor retail space with a single, one-bedroom/one-bath unit of approximately 1,016 square feet above the ground floor retail at the rear of the building. Currently, both the retail and residential portions of the property are fully occupied; however, current rent levels for both retail and residential are at a fraction of today’s market-correct rental rates. Fortunately, lease agreements for retail and residential are on a month-to-month basis, allowing for an immediate path to dramatically increased income. In addition to the under-roof improvements, the ground floor retail enjoys a large outdoor area of 13,000 square feet, which the current retail tenant uses as a showroom for its outdoor furnishings product lines. For the value-add investor, the unimpeded path to increased income and market value is derived simply from effective management and releasing of the retail and residential portions of the building at current market-correct rates. For the owner-user, purchasing 20490 Broadway Street using SBA-504 debt with only 10% down allows a retailer or other user to dramatically lower occupancy costs compared to leasing comparable retail space in the Town of Sonoma submarket, and enjoy the benefits of the additional income provided by the residential unit.
Exclusively Listed By

