1200 Sonoma Avenue

Description

1200 Sonoma Ave The front building at 1200 Sonoma Ave, covering 8,725 square feet, is a vacant shell, presenting a unique opportunity for customization. With a significant portion of its interior reduced to stud wall framing, this single-story building is a blank canvas, ready for tailored renovations to suit a variety of uses: Office (Permitted) or Multi-Family Residential (with a Use Permit). The expansive 58,806 square foot lot enhances the property's appeal, offering ample parking and flexibility for future development or tenant-specific improvements. Situated in the heart of Santa Rosa, this property benefits from its proximity to key business and medical hubs, making it a versatile investment with significant value-add potential. 1210 Sonoma Ave Discover a prime commercial opportunity at 1200 & 1210 Sonoma Ave, Santa Rosa, CA 95404, featuring two office buildings totaling approximately 12,655 square feet on a single 1.35 acre parcel in a desirable Commercial Office (CO) zoning district. The back building at 1210 Sonoma Ave, measuring 3,930 square feet, is in excellent condition and fully leased to Sutter Bay Medical Foundation, a reputable tenant. This well-maintained building offers modern amenities, including ADA accessibility, forced air central heating, and a concrete perimeter foundation, making it ideal for professional or medical office use. With 55 parking spaces and a strategic location in Santa Rosa's thriving commercial corridor, this property provides immediate operational stability for investors or owner-occupants. Highest & Best Use Several comparable office buildings in Santa Rosa have been successfully converted to multi-family residential properties, suggesting a viable repositioning strategy for the 1200 building. This analysis assesses whether maintaining both properties as office use or converting the 1200 building to multi-family residential use (while retaining the 1210 building as a medical office) represents the highest and best use, incorporating a 24-month stabilization period for 1200 Sonoma, depreciation, rental 2 income, vacancy rates, operating expenses, reserves, improvement costs, purchase price, debt service at 50percent LTV, Year 1 and 7-year pre-tax and after-tax cash-on-cash returns with sale, a 10-year holding period analysis without sale, and taxes on sale proceeds (27percent capital gains, 25percent depreciation recapture). SEE ATTACHED HIGHEST AND BEST USE ANALYSIS