Listed by Keegan & Coppin Co., Inc.
Unpriced
3320 Mendocino Avenue
Details
APN 173-060-013
Property Type Retail, Multifamily
Sub Type Apartment Building, Redevelopment
Square Footage 7,683
Units 6
Year Built 1944
Acreage 1.000
Zoning CO - Office Commercial District
Parking Spaces 44 spaces
Parking Per SqFt 5.73
Investment Type Owner/User
7,683 SF
Marketing description
3320 Mendocino Avenue is a fully leased income property featuring six upgraded residential units (two attached single-family homes and four townhouses) plus a 2,100+/- SF freestanding commercial building occupied by the Wagon Wheel Bar, a Santa Rosa staple since the 1940s.
Situated on approximately one acre with Office (O) zoning, the site offers flexible options for redevelopment, including mixed-use or higher-density multifamily. The residential units have been substantially updated with new flooring, appliances, fixtures, and systems, making them easy to lease and manage.
A prime value-add opportunity exists for an owner-user to renovate and activate the bar space as a restaurant or taproom, or for a developer to pursue additional residential units. The bar tenant is currently on a month-to-month lease, offering flexibility for repositioning.
The property also features ample off-street parking, a landlord-owned coin laundry for added income, and strong in-place cash flow with potential for expansion or owner occupancy of the commercial space.
Investment highlights
- High-Visibility Mendocino Avenue Frontage
- Six (6) Upgraded Residential Units
- 2,100+/- SF Freestanding Commercial Building
- Zoned for Mixed-Use or Multi-Family Development
- Established Tenant and Long-Term Upside
- Parking- 44 Total Spaces
- Bar: 14 Spaces, including 1 ADA
- Residential: 20 Uncovered, 2 2-Car Garages, 1 2-Car Carport and a 4-Tandem
Listing Contacts
Listed by Keegan & Coppin Co., Inc.
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Zoning
CO CommercialOfficeCommercial Office
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