About This Restaurant
Investment Highlights
Fully Leased Exceptional Condition Historic Building
Executive Summary
Own a piece of history in the vibrant Railroad Square District! The Western Hotel building was constructed in 1903 by Italian stonemasons, using stone from a local quarry. Speaking to the quality of the construction, it was one of the few downtown structures that survived the 1906 earthquake. With it's unique construction and ideal location, this property is a stand-out, making it an excellent investment opportunity. Building was converted to office and retail uses, and features onsite parking.Located in the historical Railroad Square District, this property is in a prime location adjacent to the only down-town train station, within one block of four (4) hotels, and adjacent to the West End Farmer's Market. This vibrant district is home to several cafes and many of Santa Rosa's top restaurants. New multi-family project under development adjacent to train station. Hwy 101 and Hwy 12 access within one (1) block.
Property Details
- Sale Type Investment
- Sale Condition 1031 Exchange
- Property Type Retail
- Property Subtype Storefront Retail/Office Storefront Retail/Office General Retail Restaurant Office Office Live Work Unit Storefront Retail/Office
- Building Size 10,950
- Building Class C
- Year Built/Renovated 1903/2022
- Price 3,700,000
- Price Per SF 338
- Cap Rate 4.53
- NOI 167,583
- Percent Leased 100
- Tenancy Multiple
- Building Height 2 Stories
- Building FAR 0.90
- Land Acres 0.28 AC
Amenities
- 24 Hour Access
- Commuter Rail
- Corner Lot
- Courtyard
- Fireplace
- Food Court
- Security System
- Skylights
- Tenant Controlled HVAC
Nearby Amenities & Transportation
Retail | Chevys Fresh Mex | ||
Retail | CrossFit | ||
Retail | Mechanics Bank | ||
Retail | Luther Burbank Savings | ||
Retail | Surf City Squeeze | ||
Retail | Panda Express | ||
Retail | Starbucks | ||
Retail | barre3 | ||
Retail | The YMCA | ||
Retail | Umpqua Bank |
Property Taxes
Parcel Number | 010-171-007 | Improvements Assessment | $242,507 |
Land Assessment | $864,981 | Total Assessment | $1,107,488 |
Date Created: | 2024-07-16 04:09:22 | Last Updated: | 2024-07-16 04:09:22 |
Address: | 10 W 4th St , Santa Rosa, California, 95401 |