226/228 Petaluma Blvd Petaluma, CA 94952

This exceptional investment opportunity presents a beautifully renovated, three-story commercial building totaling 17,735 square feet, situated on a 0.26-acre lot in the heart of historic downtown Petaluma, California. The property, encompassing two addresses – 226/228 Petaluma Boulevard North and 221 Water Street – boasts prime retail frontage on Petaluma Boulevard North and Water Street, offering excellent foot traffic and visibility. The building features a mix of retail spaces, including a currently occupied 3,780 square-foot ground-level suite. The remaining space is vacant, providing a unique opportunity for an owner-user or investor to customize the remaining area to their specifications. The building includes a two-story loft space at 221 Water Street, suitable for live/work use or potential conversion to residential. Built in 1855, the property has been tastefully restored, incorporating original historic features where possible, while maintaining modern amenities such as a fully sprinklered system. The property is zoned Petaluma T5 and has an APN of 006-284-042. The asking price is $3,825,000, representing a price per square foot of $215.68. This is a rare chance to acquire a significant piece of Petaluma's rich history and a thriving commercial property in a vibrant downtown location. The property's location offers easy access to the Petaluma River and benefits from the recent improvements to Water Street.