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254 1st St E

1.96 Acres of Residential Land Offered at £5,085,925 in Sonoma, CA 95476

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Investment Highlights

A premier location offering a 31 unit Luxury residential condominium project.
Demand from young professionals and seniors prioritizing quality of life; looking for well designed living spaces or pied-a-terre
The immediate neighborhood and community as a whole have embraced the project.

Strong residential market fundamentals
First infill new construction within 3-blocks of the Sonoma Plaza in decades.
Site currently underdeveloped with office/warehouse uses and raw land.

Executive Summary

North of the Mission LLC is pleased to offer a 100% fee simple interest and associated development rights for 31 luxury condominiums nestled beside Depot Park and the City paths and trails, a stone's throw from the historic Sonoma Plaza. Project is fully entitled for 31-condominium units - 32,729 square feet of residential space distributed among 6 buildings. Buildings will be low-profile, two-story structures with 5 units having exclusive third floor roof decks. Mix: (20) 850-sf 1-bedroom and 1.5 bath units, (2) 800-sf 1-bedroom affordable units, (4) 1,211-sf 2-bedroom and 2 bath units, (5) 1,857-sf 2-bedroom and 2 bath units with third floor view decks. Significant common open space with pool amenity; most units have large exclusive-use outdoor space. 41-parking spaces, including EV parking. The Plaza is home to world-famous dining and boutique shopping, brilliant wine tasting rooms, and cultural landmarks with lasting significance on California’s vibrant history.

Property Facts

Price	£5,085,925	Property Type	Land
Sale Type	Investment	Property Subtype	Residential
No. Lots	1	Total Lot Size	1.96 AC

Price	£5,085,925
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Residential
Total Lot Size	1.96 AC

1 Lot Available

Lot

Price	£5,085,925	Lot Size	1.96 AC
Price Per AC	£2,594,860

Price	£5,085,925
Price Per AC	£2,594,860
Lot Size	1.96 AC

L-shaped lot fronting First Street East.

Description

Project is fully entitled for 31-condominium units. 32,729 square feet of residential space distributed among 6 buildings. Mix: (20) 850-sf 1-bedroom units, (2) 800-sf 1-bedroom affordable units, (4) 1,211-sf 2-bedroom units, (5) 1,857-sf 2-bedroom units with third floor view decks. Significant common open space with pool amenity; most units have large exclusive-use outdoor space. Property has easement rights to a 1972 roadway through the Spanish Pueblos to the north, which will be used only as the second point of entry for fire/emergency vehicles. Buildings will be rotated in angular fashion, which will allow more light and outdoor space