$ 3,050,000
102 S Cloverdale BLVD Cloverdale, CA 95425
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Listed by Kevin P McDonald • Sotheby's International Realty
$ 3,050,000
Est. payment | /mo
12,000 SqFt
$ 3,050,000
Est. payment | /mo
12,000 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $254
MLS Listing ID 324018448
HOA Y/N No
Property Description
The Silverwood Building is located on the Northern fringes of Sonoma County's desirable Wine Country within the bucolic Cloverdale community. Positioned in the town's reimagined downtown core, The Silverwood Building offers an opportunity to invest in an asset which has been completely restored and includes a strong tenant base. Comprised of 2 separate legal parcels, totaling 26,670 square feet, the offering fronts two well-traveled city streets, Cloverdale Boulevard and East 1st Street. With one parcel improved, the second parcel has been left vacant intentionally to allow for ample off-street parking. The Silverwood Building consists of 12,000 square feet, demised into 7 separate units, completely redesigned and rebranded under the current ownership. Lending itself to the prime downtown location, the building is highly visible and flowing with its paseo styled layout. The building has undergone extensive renovations and capital improvements over the past 5 years in an effort to ensure a new owner can focus on cash flows from strong tenants in long-term leases. The Silverwood Building presents an opportunity for discerning investors to enter the Wine Country market or expand their current portfolio with a sound, quality and low risk asset.
Location
State CA
County Sonoma
Area Cloverdale
Interior
Heating Central
Cooling Central
Exterior
Garage Spaces 16.0
Building
Lot Description Curb(s), Curbs/Gutters, Sidewalk, Street Lights
Foundation Concrete
Sewer Public Sewer
Water Public, Water District
Others
Special Listing Condition Offer As Is
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Shari Lorenz
Lic# 01468549