131 Liberty St Petaluma, CA 94952

This exceptional investment opportunity presents a fully approved mixed-use development project in the heart of downtown Petaluma, California. Located at 131 Liberty Street, this 0.33-acre lot (14,558 square feet) spans from Liberty Street to Court Street, offering significant street frontage. The project encompasses 12 units: 10 residential and 2 commercial (one office, one retail). Residential space totals 14,594 square feet, while commercial space comprises 1,666 square feet. The residential units consist of five 1-bedroom plus den units, one 2-bedroom unit, and four 2-bedroom plus den units, plus one adaptable unit. Ample parking is provided with 20 spaces: nine garage spaces, six additional residential spaces, and five commercial spaces (including one covered ADA space). The project is nearly permit-ready, with the lot already rough-graded. This is an ideal acquisition for developers, contractors, or investors seeking a prime downtown Petaluma location with approved plans and significant upside potential. The asking price is $1,075,000. The property is zoned for both residential and commercial use.