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31981-32011 McCray Rd - Hold For Development Site 16.18 Acres of Residential Land Offered at $2,850,000 in Cloverdale, CA 95425

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EXECUTIVE SUMMARY

Rivendale Ranch - The Property is located in an unincorporated area of Sonoma County, approximately one mile from the Cloverdale city limit along US Highway 101. Once the site of the Preston Mill, the Property was environmentally restored during the Summer and Fall of 2007 as part of a master planned, 48-acre mixed-use development that would consist of 229 single-family homes, a 1.0-acre commercial/retail site, and a 5.0-acre park that would be offered to the City of Cloverdale and the centerpiece of the proposed master-planned community. The City of Cloverdale, 2025 General Plan, adopted the Property into the City’s Sphere of Influence and the first step toward annexation, allowing City water and sewer services to the area. The development was abandoned as a result of the 2010 Great Recession and resulting financial crisis.
The Property is zoned M1, Limited Urban Industrial which allows for many agricultural, recreational, industrial, and retail permitted and conditional uses. The topography is mostly level, and the site is situated between two blocks of single-family residential homes set along the Russian River and U.S. Highway 101 at the north end of Cloverdale. There is quick and easy access onto the site just off Exit 522/Hwy 128.
An adjacent approximately 16.47-acre parcel of land is also offered for sale under a separate listing. Contact agent for more information.

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PROPERTY FACTS

Price	$2,850,000	Property Subtype	Residential
Sale Type	Owner User	Proposed Use	Hold For Development
No. Lots	1	Total Lot Size	16.18 AC
Property Type	Land	No. Stories	1
Zoning	M1, Cloverdale

Price	$2,850,000
Sale Type	Owner User
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Hold For Development
Total Lot Size	16.18 AC
No. Stories	1
Zoning	M1, Cloverdale

1 LOT AVAILABLE

Lot

Price	$2,850,000	Lot Size	16.18 AC
Price Per AC	$176,143.39

Price	$2,850,000
Price Per AC	$176,143.39
Lot Size	16.18 AC

DESCRIPTION

The site is zoned M1 Limited Urban Industrial allowing for many different permitted and conditional uses including: Contractor's equipment storage or rental yards; truck, trailer and farm equipment sales and repair facilities; lumber yards; any other heavy commercial uses for which storage of large or heavy merchandise or commercial transportation facilities are necessary and usual to the operation; processing, storage, bottling, canning, etc. of agricultural products, including wineries and similar uses and including incidental retail sales of products processed on the site; commercial cannabis uses in compliance with Sections 26-88-250 through 26-88-256 of the Sonoma County Municipal Code.

1 1

PROPERTY TAXES

Parcel Numbers	Multiple 115-150-054 115-150-055 115-160-047 115-160-058 115-150-038 115-150-052 115-160-057 115-150-039 115-150-002	Improvements Assessment	$0
Land Assessment	$1,186,163	Total Assessment	$1,186,163