0 Railroad Ave @ Asti Rd Cloverdale, CA 95425
This exceptional offering presents a significant opportunity to acquire approximately 48.97 acres of land strategically located in Cloverdale, CA, and partially within Sonoma County. The property comprises two parcels: a 31.12-acre Railroad Avenue parcel, largely situated within Cloverdale city limits and partially in Sonoma County, and a 17.85-acre River parcel located in Sonoma County, boasting over 1,800 feet of river frontage. The Railroad Avenue parcel features a previously used industrial area with a gravel base and hillside areas suitable for potential residential development. Zoning includes M1 B8, F1 F2 MR RC50/25 VOH (City) and M1 B8, F1 F2 MR RC50/25 VOH (County). The property is conveniently located near Highway 101, offering easy access to major transportation routes. Water is available at Asti Road, however, sewer service requires further investigation and may necessitate the construction of a private force main within the city limits, and potential annexation for county portions. Potential encumbrances include easements for a future public trail and water reservoir. Changes in land use are subject to City of Cloverdale approval. This property presents one of the largest industrial land opportunities in Sonoma County, situated in a well-established industrial area, close to Lake Sonoma and a new master-planned river park. The asking price is $12,093,865, with a land value of $5.67 per square foot. APN numbers are 001-221-006 & 116-260-016 (Portion)
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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