Bought with Steven R Gordon • Keegan & Coppin Company, Inc
Alex C Tannous • 01927778 • Batarseh Real Estate
$745,000
$799,000
6.8%For more information regarding the value of a property, please contact us for a free consultation.
1,148 SqFt
SOLD DATE : 06/19/2020
Key Details
Sold Price $745,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 1,148 sqft
Price per Sqft $648
MLS Listing ID 22008675
Sold Date 06/19/20
HOA Y/N Yes
Year Built 1989
Property Sub-Type Retail
Property Description
Premier owner-user or development opportunity. 1,148 sq. ft single story retail building currently built out as a restaurant with equipment in place. 1,200 sq. ft of outdoor patio seating with two entrances. Building sits on a .38acre lot and has approx. 20 dedicated parking spaces. For development purposes, under MU1A zoning, a 2.5 FAR (floor area ratio) is allowed, permitting greater than 32,000 gross area feet of potential development with a 30' max height, restricted only by the parking space requirements (there are no setbacks to either the front, back or sides of the parcel). Current traffic counts boasts a daily average count near the intersection of Magnolia Avenue and Payran Street is 26,252 and 22,146 north and south respectively. Approximately 125' of frontage on the east side of Petaluma Blvd and 150' on the south side of Payran St. Among the busiest signalized corner intersections in Petaluma on a major artery to downtown Petaluma or Hwy 101.
Location
State CA
County Sonoma
Area Petaluma West
Zoning MU1A
Others
Special Listing Condition Offer As Is
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