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1130 Hearn Ave - Dutton Meadows 15.69 Acres of Residential Land Offered at $6,000,000 in Santa Rosa, CA 95407
INVESTMENT HIGHLIGHTS
- Retail/Residential approved mixed use development
- Approved CTS mitigation plan
- Close to Highway 101 and Santa Rosa Avenue retail area
- Potential to re-entitled with increased residential component
- Adjacent to planned fire station and public library
EXECUTIVE SUMMARY
The offered property is a portion of Phase 2 and all of Phases 4 & 6 of the Dutton Meadows master planned project. As approved the appropriately 2-4 acres of Phase 2 is medium/low density residential (2 to 13 DU/AC). Phase 4 is approximately 74,000 SF retail and Phase 6 is 2.4 acres medium density residential (8 to 18 DU/AC). Phase 5 of the project has been built out as apartments. Phase 1 and the portion of Phase 2 not included in this offering are being re-entitled for a higher density residential multi-family development. Phase 3 has been purchased by the city and will be developed as a fire station and a library. The city has indicated a willingness to amend the approvals for Phase 4 to significantly reduce the retail component and add high density residential units.
PROPERTY FACTS
| Price | $6,000,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 15.69 AC |
| Property Type | Land | ||
| Zoning | PD06-001 - Planned development | ||
| Price | $6,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 15.69 AC |
| Zoning | PD06-001 - Planned development |
1 LOT AVAILABLE
Lot
| Price | $6,000,000 | Lot Size | 15.69 AC |
| Price Per AC | $382,409.18 |
| Price | $6,000,000 |
| Price Per AC | $382,409.18 |
| Lot Size | 15.69 AC |
Raw land
PROPERTY TAXES
| Parcel Number | 043-191-021 | Improvements Assessment | $0 |
| Land Assessment | $278,467 | Total Assessment | $278,467 |
PROPERTY TAXES
Parcel Number
043-191-021
Land Assessment
$278,467
Improvements Assessment
$0
Total Assessment
$278,467
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1130 Hearn Ave - Dutton Meadows
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