254 1st E St Sonoma, CA 95476-5703
- Manufacturing properties
- 5,000 SF
- 2.07 lot acres
Jan 24, 2024
Current Use by Public Records
- Manufacturing properties
Property Details for 254 1st E St
- Year built
- 1949
- Construction
- TILT-UP CONCRETE
- Lot size
- 2.07 lot acres
- Property size
- 5,000 SF
- Property type
- Manufacturing properties
- APN
- 018-131-018-000
- APU
- 18131018000
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sonoma
- County
- Sonoma
- State
- California
- Longitude
- -122.455
- Latitude
- 38.2964
- CBSA code
- 42220
- CBSA name
- SANTA ROSA-PETALUMA, CA METROPOLITAN STATISTICAL AREA