2208 Olivet RD new Save Request In-Person Tour Request Virtual Tour
Santa Rosa,CA 95401
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,776 sqft
Price per Sqft $1,481
MLS Listing ID 324087339
HOA Y/N No
Year Built 1980
Lot Size 12 Sqft
Property Description
Investment Opportunity!! 12.11 acre property located in the heart of Sonoma County. The property hosts a thriving grapevine nursery & well established vineyard support company, both of which are long-term tenants with 7-8 years remaining on their leases and an expressed willingness to extend. Their long-term leases provide a stable and reliable income stream with a NOI of $531,788+/-, generating a robust 7.5% cap rate based on actual numbers. Improvements include multiple green houses, Ag support structures, office spaces and equipment storage. There is a 3 bed, 2.5 bath approx 2100 sq home with RV storage and garage currently leased month to month to a solid tenant. Two wells with multiple storage tanks on site.
Location
State CA
County Sonoma
Area Santa Rosa-Northwest
Zoning LIA40
Interior
Heating Central,Ductless
Cooling Ductless
Flooring Carpet,Concrete,Linoleum
Exterior
Garage Spaces 50.0
Utilities Available Internet Available,Separate Gas Meter
Building
Lot Description Manual Sprinkler F&R
Story 1
Foundation Slab
Sewer Septic System
Water Well
Level or Stories 1
Others
Special Listing Condition Offer As Is