10 Santa Rosa Ave Santa Rosa, CA 95404
For Sale
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Property summary
This exceptional 31,356 square foot, two-story office building presents a rare opportunity in downtown Santa Rosa. Located on a prominent corner lot (31,363 sq ft) at the intersection of Santa Rosa Avenue and 3rd Street, this Class B property boasts a prime location with high visibility and significant daily traffic counts (13,681+ on 3rd Street and 15,431+ on Santa Rosa Avenue). Originally constructed in 1968 for Bank of America, the building has undergone renovations over time. Features include concrete block construction, a concrete slab foundation, glass and steel accents, an open ground floor with a 14-foot clear height, and two elevators. The layout comprises two suites, a central lobby, a common hall, and a mechanical room. The HVAC system is fully operational. Zoned CMU-DSA (Commercial Mixed Use - Downtown Station Area), the property offers a maximum base Floor Area Ratio of 8.0, allowing for a potential project size of approximately 250,000 square feet. This zoning permits a variety of mixed uses, including housing, office, and retail, with added incentives like reduced impact fees and parking requirements. The building's convenient location offers easy access to US Hwy 101 and other major thoroughfares, proximity to the downtown plaza, and walking distance to parking facilities. The property is bordered by the Comstock Mall, a pedestrian thoroughfare, providing convenient utility access. This is a unique investment opportunity in a thriving downtown area experiencing significant revitalization. Asking price: $5,900,000 ($188.16/sq ft).
Property profile
VerifiedCap rate & NOI
Current use
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Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Santa Rosa market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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