Petaluma, CA 94952,890 Petaluma BLVD N
Listed by Joseph C Tannous • Batarseh Real Estate • 01927778 • 01927778 • Batarseh Real Estate
Bought with Steven R Gordon • Keegan & Coppin Company, Inc
Alex C Tannous • 01927778 • Batarseh Real Estate

$745,000

$799,000

6.8%
Est.Price: ?

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Est. payment /mo

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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Milli Cannata
Milli Cannata

Broker Associate | Lic# DRE# 01990936

+1(707) 477-7839

6790 McKinley Street # 120, Sebastopol, CA, 95472

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