127 E Cotati Ave
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127 E Cotati Ave
5,594 SF 63% Leased Retail Building Cotati, CA 94931 £1,045,425 (£187/SF) 5.91% Net Initial Yield
Investment Highlights
- Prime High Visibility Mixed-Use Commercial Property
- Fully leased ground floor commercial units and two vacant spacious apartments
Executive Summary
Seize this rare opportunity to own a prime mixed-use investment in Cotati. This turn-key property features two fully leased ground floor commercial units and two spacious apartments, situated on a high visibility large corner lot. Meticulously maintained by the current owner for over 20 years, no expense has been spared and no corners have been cut in providing past and current tenants with quality leased spaces.
The residential component includes a recently remodeled 2-bedroom, 1-bath apartment and a large studio. Both units feature full-sized kitchens, remodeled bathrooms and are in beautiful move-in ready condition. Both units have been left vacant to provide a variable of options for the new owner.
The commercial units include a thriving hair salon and a popular restaurant. Both units are leased on a long-term basis, providing the potential for stable and reliable tenancy. The hair salon occupies approximately 1100 sq. ft. and features an employee room/office. This unit has recently been upgraded with significant improvements, such as LED lighting, a remodeled bathroom, fresh paint, new vinyl flooring, and dedicated air conditioning.
The restaurant, known for its BBQ and Mexican cuisine, spans approximately 2,500 Sq Ft. This unit features new vinyl flooring and an inviting interior complete with its own bathroom, prep kitchen, full-size walk-in commercial fridge, washroom, dry storage, and office. Additionally, it offers a large street-facing patio, a permitted BBQ area, and more.
Rare for a downtown location, this property boasts 17 parking spaces, offering unmatched convenience for both residential and commercial tenants. Situated in the heart of downtown Cotati, the property is situated less than a block from the Cotati Plaza and the vibrant downtown strip, which hosts popular restaurants, concerts, and farmers markets. The property is a mere 0.05 miles to the SMART train station, 1.8 miles to Sonoma State University and .6 miles to Hwy 101.
Cotati's central location between Sebastopol, Santa Rosa, Petaluma, and Rohnert Park further enhances its appeal. Additionally, it is in close proximity to the Rancho Cotati Shopping Center, home to local favorites such as Oliver's Market, Starbucks, and Dollar Tree.
The residential component includes a recently remodeled 2-bedroom, 1-bath apartment and a large studio. Both units feature full-sized kitchens, remodeled bathrooms and are in beautiful move-in ready condition. Both units have been left vacant to provide a variable of options for the new owner.
The commercial units include a thriving hair salon and a popular restaurant. Both units are leased on a long-term basis, providing the potential for stable and reliable tenancy. The hair salon occupies approximately 1100 sq. ft. and features an employee room/office. This unit has recently been upgraded with significant improvements, such as LED lighting, a remodeled bathroom, fresh paint, new vinyl flooring, and dedicated air conditioning.
The restaurant, known for its BBQ and Mexican cuisine, spans approximately 2,500 Sq Ft. This unit features new vinyl flooring and an inviting interior complete with its own bathroom, prep kitchen, full-size walk-in commercial fridge, washroom, dry storage, and office. Additionally, it offers a large street-facing patio, a permitted BBQ area, and more.
Rare for a downtown location, this property boasts 17 parking spaces, offering unmatched convenience for both residential and commercial tenants. Situated in the heart of downtown Cotati, the property is situated less than a block from the Cotati Plaza and the vibrant downtown strip, which hosts popular restaurants, concerts, and farmers markets. The property is a mere 0.05 miles to the SMART train station, 1.8 miles to Sonoma State University and .6 miles to Hwy 101.
Cotati's central location between Sebastopol, Santa Rosa, Petaluma, and Rohnert Park further enhances its appeal. Additionally, it is in close proximity to the Rancho Cotati Shopping Center, home to local favorites such as Oliver's Market, Starbucks, and Dollar Tree.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | $99,999 | $9.99 |
Vacancy Loss | $99,999 | $9.99 |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Pro forma - 2024) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,594 SF
Building Class
B
Year Built
1986
Price
£1,045,425
Price Per SF
£187
Net Initial Yield
5.91%
NOI
£61,805
Percent Leased
63%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.38
Land Acres
0.34 AC
Zoning
N/Av, Cotati
Parking
17 Spaces (3.04 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Restaurant
- Signage
Walk Score ®
Very Walkable (87)
PROPERTY TAXES
Parcel Number | 144-273-010 | Total Assessment | £1,025,937 (2023) |
Land Assessment | £323,466 (2023) | Annual Taxes | -£1 (£0.00/sf) |
Improvements Assessment | £702,471 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
144-273-010
Land Assessment
£323,466 (2023)
Improvements Assessment
£702,471 (2023)
Total Assessment
£1,025,937 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
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127 E Cotati Ave
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