Improved Land for Sale in Santa Rosa, California
2208 Olivet Rd Santa Rosa, CA 95401
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.
Directions
River Road or Piner to Olivet.
Location
- Street Address
- 2208 Olivet Rd
- County
- Sonoma County
- Community
- Santa Rosa-Northwest
- Elevation
- 121 feet
Property details
- Zoning
- LIA40
- MLS Number
- BAREIS 324087339
- Date Posted
Parcels
- 057-030-065-000
Detailed attributes
Listing
- Type
- Commercial Sale
- Subtype
- Mixed Use
Structure
- Stories
- 1
- Heating
- Central Furnace
Exterior
- Parking Spots
- 50
Interior
- Floors
- Carpet, Concrete, Linoleum
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
Nov 18, 2024 | New listing | $7,075,000 | — | BAREIS |