5498 Old Redwood Hwy Santa Rosa, CA 95403-1231

This exceptional 905-square-foot storefront property in Santa Rosa, CA, presents a unique investment opportunity. Situated on a 0.201-acre lot, this single-story, 1979-built building boasts two units, ideal for a variety of uses. The flexible floor plan allows for creative adaptations, potentially including a live-work space, retail establishment, or office. Enjoy stunning vineyard views from this prime location on Old Redwood Highway, offering high visibility and easy access to amenities. The property features a private well and septic system, designed for two bedrooms, and benefits from low maintenance and no HOA fees. Currently generating a NOI of $12,000, with a pro-forma NOI of $36,000 and a pro-forma cap rate of 9.60%, this property offers significant upside potential. The C2 and VOH zoning permits commercial and retail uses. On-site parking is available, along with additional utility space. Interior features include a waiting room, office with closet, kitchen space, workspaces, storage, and two bathrooms (one with a shower). The property also includes custom features such as a skylight, a spa-like bathroom, and a whole-house water filtration system. Its convenient location offers proximity to the county airport, public transportation, shopping, and hospitals. The asking price is $375,000 ($414.36/sq ft). The potential development of a nearby casino and resort could further enhance the property's value. A regional park is also located nearby. This is a motivated seller situation, and a 1031 exchange is possible.