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409 S Petaluma Blvd 18,918 SF Retail Building Petaluma, CA 94952 $2,900,000 ($153.29/SF)

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Investment Highlights

18,918 SF Multi-Tenant Building
Corner Location
Newly Sprinklered

Potential for Redevelopment
Excellent Visibility
Owner/User Opportunity with Flexible Leases in Place. Occupy a Portion and Lease Out the Rest.

Executive Summary

After more than 60 years of family ownership and a long history as the home of Homeowners Lumber Co., 409 Petaluma Blvd S represents a rare Westside Petaluma legacy asset. The property offers a compelling combination of visibility and flexibility, set on a .95 acre lot with prominent Petaluma Boulevard frontage. The recently sprinklered building offers significant flexibility for an owner-user, including the opportunity to combine Suites A, B and E into an approximately 11,800 SF contiguous showroom/warehouse. For investors, below-market rents provide additional upside through lease-up, rent growth and targeted improvements. A rare opportunity to reposition a well-located Westside asset while building on its longstanding place in the Petaluma community.

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