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Listed by Jaime Gutierrez Artisan Sotheby's Int'l Realty
$6,350,000
Est. payment /mo
0.86 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 326074763
HOA Y/N No
Year Built 1911
Lot Size 0.861 Acres
Acres 0.8609
Property Sub-Type Office
Property Description
Fully occupied historic office investment in downtown Petaluma. The approximately 20,000-square-foot property features 22 income-producing units with a diversified mix of larger professional offices and executive micro-suites. The building is Fully occupied by tenants representing financial services, insurance, healthcare, technology, consulting, and other professional industries. Current income reflects approximately $574,003 in annual income and $381,176 in net operating income. Originally constructed in 1911 as the Lincoln Primary School and designed by noted architect Brainerd Jones, the property offers a distinctive columned facade, historic character, and an irreplaceable downtown presence. Its diversified tenancy, flexible suite configurations, staggered lease expirations, and established cash flow create a compelling stabilized investment opportunity.
Location
State CA
County Sonoma
Area Petaluma West
Exterior
Waterfront Description Public
Accessibility Accessible Approach with Ramp, Accessible Bathroom(s), Accessible Elevator Installed, Parking, Wheelchair Access
Road Frontage City Street
Private Pool No
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Others
Tax ID 008052001000
Special Listing Condition Offer As Is
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Broker Associate/Area Leader/Ambassador License ID: 1249870
Broker Associate/Area Leader/Ambassador License ID: 1249870