254 1st E St Sonoma, CA 95476-5703

This exceptional 1.96-acre property in Sonoma, CA (APN 018-131-018), offers a unique opportunity to develop a 31-unit luxury condominium complex. Located at 254 1st St E, 95476, this fully entitled project boasts a prime location just steps from the historic Sonoma Plaza and Depot Park. The development plan includes a mix of unit sizes: twenty 850 sq ft one-bedroom units, two 800 sq ft affordable one-bedroom units, four 1,211 sq ft two-bedroom units, and five 1,857 sq ft two-bedroom units featuring third-floor view decks. Residents will enjoy ample amenities, including a community pool, outdoor gathering areas, and an established oak grove. The site currently features 32,729 square feet of existing office/warehouse space across six buildings, currently vacant, providing immediate income potential. The property includes 41 parking spaces, accommodating electric vehicles. The project benefits from an easement for fire/emergency vehicle access via a nearby roadway. Buildings are designed with an angular layout maximizing natural light and outdoor space. The zoning is R3/H, and the asking price is $6,500,000. This development represents a rare chance to capitalize on Sonoma's strong residential market and deliver a high-end living experience in a highly desirable location. The project has received strong community support and is poised for immediate development.