3820 Bodega Ave Petaluma, CA 94952
- Retail residential properties
- 2,147 SF
- 8.42 lot acres
Current Use by Public Records
- Homecare Equipment-Supplies / Home Health Care Service
- Sylvia Gonzalez / Artist
- Mymark / Internet Marketing Service / Website Designer
- Hendrickson's Window Fashions & Upholstery / Window Treatment Store
Property Details for 3820 Bodega Ave
- Year built
- 1965
- Construction
- WOOD
- Lot size
- 8.42 lot acres
- Property size
- 2,147 SF
- Property type
- Retail residential properties
- APN
- 021-140-014-000
- APU
- 21140014000
Description
This exceptional 8.42-acre commercial property at 3820 Bodega Avenue in Petaluma, California (zip code 94952), presents a unique investment opportunity. Currently zoned L-C (Limited Commercial) in Sonoma County, this well-maintained property boasts a rich history, having been owned by a single family for 149 years. The land encompasses a diverse mix of existing industrial, retail, and residential uses, generating an estimated annual income of approximately $300,000 from separate income centers. Its prime location on the high-traffic Bodega Avenue corridor ensures excellent visibility and accessibility. The substantial lot size and favorable zoning offer significant potential for increasing current income streams or pursuing redevelopment projects to capitalize on the large income upside. This multi-faceted property is ideal for investors seeking a substantial return on investment in a desirable California location. The property's long-standing history and established income streams provide a solid foundation for future growth and development. Serious inquiries are encouraged to explore the full potential of this remarkable investment opportunity. The asking price is $4,485,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $340,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $565,000
- 6.5%
- $475,000
- 7%
- $515,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $495,000
- Geo Method
- $425,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $400,000
- Retail
- $470,000
- Mixed-Use
- $555,000
- Hospitality
- $460,000
- Educational
- $455,000
- Residential Income
- $490,000
- Energy
- $440,000
- Income-Based Land
- $535,000
- Food Service
- $520,000
Location Insight
- Map
- Local Demand
- City
- Petaluma
- County
- Sonoma
- State
- California
- Longitude
- -122.685
- Latitude
- 38.2466
- CBSA code
- 42220
- CBSA name
- SANTA ROSA-PETALUMA, CA METROPOLITAN STATISTICAL AREA
