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33347374
33347381

3000 Cleveland Avenue, Santa Rosa, CA 95403

RC
CA 00880048
Artisan Sotheby's International Realty
JG
Artisan Sotheby's International Realty
Listed by Artisan Sotheby's International Realty
$1,250,000
5 days on market
Updated 5 days ago

3000 Cleveland Avenue

Details
Property Type Multifamily, Office
Sub Type Apartment Building, Traditional Office (+1)
Square Footage 6,061
Units 16
Cap Rate 5.00%
NOI $96,052
Occupancy 80%
Tenancy Multi
Lease Type Gross
Class C
Year Built 1962
Buildings 2
Acreage 0.360
Parking Spaces spaces
Investment Type Value Add

Seller Financing Available! Office Building with Multifamily Conversion Potential

Marketing description

Seller Financing Available.

3000 Cleveland Avenue presents a unique opportunity to acquire a substantial commercial asset with flexible acquisition terms in a highly accessible North Santa Rosa location. The approximately 29,193-square-foot building offers a rare combination of immediate usability, value-add potential, and future redevelopment opportunities. The property features a functional office layout with private offices, conference rooms, open workspaces, common areas, and ample on-site parking. Its size and versatility make it well suited for investors, owner-users, educational facilities, professional service firms, medical users, or organizations seeking a prominent Sonoma County location. A significant value-add component of the offering is a conceptual redevelopment plan illustrating the potential conversion of the property into approximately 14 residential units. With housing demand continuing to outpace supply throughout Sonoma County, the property presents an attractive adaptive reuse opportunity for developers and investors seeking long-term upside. Located with convenient access to Highway 101 and major commercial corridors, the property benefits from excellent regional connectivity while serving one of the strongest economic markets in the North Bay. Adding to the appeal, the seller is willing to consider seller financing, creating an opportunity for qualified buyers to acquire the property with flexible financing terms that may reduce upfront capital requirements and improve overall investment returns.

Investment highlights

  • ±29,193 SF commercial building
  • Excellent North Santa Rosa location
  • Convenient Highway 101 access
  • Flexible floor plan with multiple office configurations
  • Ample on-site parking
  • Suitable for owner-user or investor
  • Conceptual plan for approximately 14 residential units
  • Adaptive reuse and redevelopment potential
  • Strong surrounding demographics and housing demand
  • Rare large-scale repositioning opportunity in Sonoma County

Listing Contacts

RC
CA 00880048
Artisan Sotheby's International Realty
JG
Artisan Sotheby's International Realty
Listed by Artisan Sotheby's International Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$96,052.00
$8,004.33/mo

Valuation Metrics

0
DSCR
7.68%
Cap Rate
7.68%
ROI

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