450 Lakeville St Petaluma, CA 94952-3146

Property Details for 450 Lakeville St

Year built

1981

Construction

TILT-UP CONCRETE

Lot size

0.64 lot acres

Property size

12,900 SF

Property type

Warehouses

APN

007-171-021-000

APU

7171021000

Description

This exceptional 0.64-acre mixed-use property at 450 Lakeville Street, Petaluma, CA, presents a significant development opportunity in a thriving downtown location. Priced at $2,900,000, this property offers unparalleled convenience with close proximity to the SMART train station, providing easy access to public transportation. Its strategic location also ensures convenient access to major freeways, facilitating seamless commutes. The property benefits from its proximity to a vibrant array of shopping, dining, and entertainment options within Petaluma's bustling downtown core. The existing tenants generate a current income stream, providing a stable financial foundation while navigating the approval process for any proposed development. This site is ideally suited for projects addressing the increasing need for affordable housing or other business ventures. The high demand for both residential and commercial spaces in this area makes this a compelling investment for developers seeking to capitalize on a prime location within a dynamic and growing community. The property's versatility allows for a range of development possibilities, including residential, retail, or mixed-use projects, catering to the diverse needs of the community. This is a rare chance to acquire a property with significant potential in a highly desirable area of Petaluma. The existing infrastructure and convenient location minimize development challenges, making this an attractive proposition for investors and developers alike.

Location Insight

City

Petaluma

County

Sonoma

State

California

Longitude

-122.63

Latitude

38.2353

CBSA code

42220

CBSA name

SANTA ROSA-PETALUMA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments