Mixed-Use

Hair Salon + 2 Residential Units

Listing Price: $1,260,000

Cap Rate
1.78%
Number of Units
3
Price/Unit
$420,000
Price/Gross SF
$424.24
Gross SF
2,970

Investment Overview

Marcus & Millichap is proud to list exclusively a residential mixed-use trophy asset in Sonoma, California. This property is located at a signalized intersection next to Highway 12 (Sonoma Highway), the main route between Napa and Santa Rosa.

The building is approximately 2,970 square feet with off-street parking on two lots of approximately 9,583 square feet. The retail portion is occupied by a hair salon consisting of approximately 1,490 rentable square feet. The unit mix of the two residential units is a three-bedroom /one-bathroom unit and a one-bedroom/one-bathroom unit.

The lot with the parking lot also consists of a Japanese style garden and may have the potential to add more rentable square feet. All leases are on a month-to-month basis where there is much room to raise the rents to market levels.

Investment Highlights

  • Trophy Asset
  • Residential Mixed Use with Main Highway Visibility
  • Corner Lots at Signalized Intersection
  • Value-Add Potential to Build on Parking Lot / Garden Area
  • All Leases Month-to-Month

Exclusively Listed By

Mixed-Use

Hair Salon + 2 Residential Units

Listing Price: $1,260,000

Cap Rate
1.78%
Number of Units
3
Price/Unit
$420,000
Price/Gross SF
$424.24
Gross SF
2,970

Investment Highlights

  • Trophy Asset
  • Residential Mixed Use with Main Highway Visibility
  • Corner Lots at Signalized Intersection
  • Value-Add Potential to Build on Parking Lot / Garden Area
  • All Leases Month-to-Month

Investment Overview

Marcus & Millichap is proud to list exclusively a residential mixed-use trophy asset in Sonoma, California. This property is located at a signalized intersection next to Highway 12 (Sonoma Highway), the main route between Napa and Santa Rosa.

The building is approximately 2,970 square feet with off-street parking on two lots of approximately 9,583 square feet. The retail portion is occupied by a hair salon consisting of approximately 1,490 rentable square feet. The unit mix of the two residential units is a three-bedroom /one-bathroom unit and a one-bedroom/one-bathroom unit.

The lot with the parking lot also consists of a Japanese style garden and may have the potential to add more rentable square feet. All leases are on a month-to-month basis where there is much room to raise the rents to market levels.

Exclusively Listed By

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