2208 Olivet RD Active

Santa Rosa,CA 95401

$ 7075000

- Bed

- Bath

4776 SqFt


Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 4,776 sqft

Price per Sqft $1,481

MLS Listing ID 324087339

HOA Y/N No

Year Built 1980

Lot Size 12 Sqft

Property Description

Investment Opportunity!! 12.11 acre property located in the heart of Sonoma County. The property hosts a thriving grapevine nursery & well established vineyard support company, both of which are long-term tenants with 7-8 years remaining on their leases and an expressed willingness to extend. Their long-term leases provide a stable and reliable income stream with a NOI of $531,788+/-, generating a robust 7.5% cap rate based on actual numbers. Improvements include multiple green houses, Ag support structures, office spaces and equipment storage. There is a 3 bed, 2.5 bath approx 2100 sq home with RV storage and garage currently leased month to month to a solid tenant. Two wells with multiple storage tanks on site.

Location

State CA

County Sonoma

Area Santa Rosa-Northwest

Zoning LIA40

Interior

Heating Central,Ductless

Cooling Ductless

Flooring Carpet,Concrete,Linoleum

Exterior

Garage Spaces 50.0

Utilities Available Internet Available,Separate Gas Meter

Building

Lot Description Manual Sprinkler F&R

Story 1

Foundation Slab

Sewer Septic System

Water Well

Level or Stories 1

Others

Special Listing Condition Offer As Is

View More
Favorite Go Tour