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10 Santa Rosa Ave

31,538 SF Retail Building Santa Rosa, CA 95404 $5,900,000 ($187/SF)

Investment Highlights

  • Most prominent corner in downtown Santa Rosa, located at the southeast corner of Santa Rosa Avenue and 3rd Street,
  • Situated in the heart of Downtown Santa Rosa with average daily traffic counts of 13,681+/- along 3rd Street and 15,431+/- along Santa Rosa Avenue. 
  • 2-story office building consisting of approximately 31,356+/- square feet

Executive Summary

A once-in-a-generation opportunity to occupy and own the most prominent corner in downtown Santa Rosa. The subject building is located at the southeast corner of Santa Rosa Avenue and 3rd Street, on a lot consisting of approximately 31,363+/- square feet.  The lot is improved with a 2-story office building consisting of approximately 31,356+/- square feet. The building was reportedly built for Bank of America in circa 1968 and has been remodeled and improved significantly throughout the years. Some of the building features are: concrete block construction, concrete slab on grade foundation, glass, steel, open ground floor space with a 14' clear height, entry points on both the north and south ends, two elevators providing access to the second level.  The second layout consists of two suites, a central lobby, a common hall, and main mechanical systems room. The HVAC system is fully operational and performing well. 
The zoning is CMU-DSA [Commercial Mixed Use – Downtown Station Area] with a maximum base Floor Area Ratio of 8.0 [31,363+/- square foot lot multiplied by 8].  This would allow a total potential project size estimated to be 250,000+/- square feet.  The zoning allows for a variety of mixed-uses including housing, office, and retail uses.  The inclusion of the property in the Downtown Station Area Plan further adds incentives like reduced impact fees and provides other incentives like reducing on-site parking requirements. The property is boarded by the “Comstock Mall” to the south, which is a pedestrian thoroughfare connecting D street with Santa Rosa Avenue.  The building services are brought in on this side, so there is no auto traffic to navigate when accessing utilities in the street.   
Situated in the heart of Downtown Santa Rosa with average daily traffic counts of 13,681+/- along 3rd Street and 15,431+/- along Santa Rosa Avenue.  The property is across the street from the downtown plaza, within walking distance of several parking garages and surface parking lots.  Easy access to US Hwy 101 as well as several east/west thoroughfares.  The downtown is going through a renaissance with several noticeable projects under construction or completed (see nearby downtown development page).

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Annual Annual Per SF
Taxes - -
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
31,538 SF
Building Class
C
Year Built
1968
Price
$5,900,000
Price Per SF
$187
Tenancy
Single
Building Height
2 Stories
Building FAR
1.01
Land Acres
0.72 AC
Opportunity Zone
Yes
Zoning
CMU-DSA - Commercial Mixed Use - Downtown Station Area
Frontage
180 FT on Santa Rosa Ave

Amenities

  • Air Conditioning
Walk Score ®
Walker's Paradise (99)
Bike Score ®
Very Bikeable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

The YMCA
Umpqua Bank
Tri Counties Bank
First Republic Bank
Starbucks
Mechanics Bank
Luther Burbank Savings
Surf City Squeeze
Chase Bank
Wells Fargo Home Mortgage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
009-071-020
Land Assessment
$1,179,420 (2023)
Improvements Assessment
$9,248,814 (2023)
Total Assessment
$10,428,234 (2023)
  • Listing ID: 32990458

  • Date on Market: 8/28/2024

  • Last Updated:

  • Address: 10 Santa Rosa Ave, Santa Rosa, CA 95404

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