• Broker Marshall Kelly 7075281400 x 277
  • Broker Russ Mayer 7076641400 x 153

Multi-Tenant Leased Retail Investment 421 S Cloverdale Blvd 10,896 SF 48% Leased Retail Building Cloverdale, CA 95425 $2,625,000 ($240.91/SF) 7.11% Cap Rate

View Photo

INVESTMENT HIGHLIGHTS

  • Tenant leases are Triple Net with Annual Increases & Expense Pass-throughs
  • North Parking Lot was recently slurry sealed
  • Adjacent Retail Pad is also offered for sale
  • Both En-Suite and Common Area Restrooms
  • Building is professionally managed and maintained

EXECUTIVE SUMMARY

Keegan & Coppin, Company is pleased to present an opportunity to acquire this quality downtown retail investment property in the highly desirable Sonoma County Wine Region. Located in central Cloverdale and near several new developments, this multi-tenant property is nearby many restaurants, cafes, and boutique shopping stores. Originally constructed in 1958 as a grocery store, the property was architecturally redesigned and professionally renovated in 2005 to feature eight (8) new tenant spaces. Four of these spaces are presently leased to three tenants, two of whom have brand new ten (10) year lease terms. The property is abundantly parked at four (4) spaces per 1,000 sq ft of building area and fronts Cloverdale Boulevard giving all tenants excellent street exposure and signage visibility.

ATTACHMENTS

421 S Cloverdale Blvd Sale

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
  • Freestanding
  • General Retail Storefront
Freestanding
Building Size
10,896 SF
Building Class
B
Year Built/Renovated
1958/2005
Price
$2,625,000
Price Per SF
$240.91
Cap Rate
7.11%
NOI
$186,606
Percent Leased
48%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.82 AC
Zoning
CG - General Commercial
Frontage
426’ on S Cloverdale Blvd

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • A
  • 1,665 SF
  • Office/Retail
  • -
  • Now
1/5
421 S Cloverdale Blvd, Cloverdale, CA for sale Floor Plan- Image 1 of 5
Floor Plan
421 S Cloverdale Blvd, Cloverdale, CA for sale Interior Photo- Image 2 of 5
Interior Photo
421 S Cloverdale Blvd, Cloverdale, CA for sale Interior Photo- Image 3 of 5
Interior Photo
421 S Cloverdale Blvd, Cloverdale, CA for sale Interior Photo- Image 4 of 5
Interior Photo
421 S Cloverdale Blvd, Cloverdale, CA for sale Interior Photo- Image 5 of 5
Interior Photo

Has restaurant kitchen infrastructure.

  • D
  • 824 SF
  • Retail
  • End Cap
  • Now
421 S Cloverdale Blvd, Cloverdale, CA for sale Floor Plan- Image 1 of 1
Floor Plan
  • E
  • 1,720 SF
  • Retail
  • End Cap
  • Now
421 S Cloverdale Blvd, Cloverdale, CA for sale Floor Plan- Image 1 of 1
Floor Plan

"Gray shell" condition. Requires building out shell improvements.

  • F
  • 1,509 SF
  • Retail
  • In-Line
  • Now
421 S Cloverdale Blvd, Cloverdale, CA for sale Floor Plan- Image 1 of 1
Floor Plan

"Gray shell" condition. Requires building out shell improvements.

Space Size Space Use Position Available
A 1,665 SF Office/Retail - Now
D 824 SF Retail End Cap Now
E 1,720 SF Retail End Cap Now
F 1,509 SF Retail In-Line Now

A

Size
1,665 SF
Space Use
Office/Retail
Position
-
Available
Now

D

Size
824 SF
Space Use
Retail
Position
End Cap
Available
Now

E

Size
1,720 SF
Space Use
Retail
Position
End Cap
Available
Now

F

Size
1,509 SF
Space Use
Retail
Position
In-Line
Available
Now
1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP
1/5
421 S Cloverdale Blvd, Cloverdale, CA for sale Floor Plan- Image 1 of 5
Floor Plan
421 S Cloverdale Blvd, Cloverdale, CA for sale Interior Photo- Image 2 of 5
Interior Photo
421 S Cloverdale Blvd, Cloverdale, CA for sale Interior Photo- Image 3 of 5
Interior Photo
421 S Cloverdale Blvd, Cloverdale, CA for sale Interior Photo- Image 4 of 5
Interior Photo
421 S Cloverdale Blvd, Cloverdale, CA for sale Interior Photo- Image 5 of 5
Interior Photo

A

1/5
421 S Cloverdale Blvd, Cloverdale, CA for sale Floor Plan- Image 1 of 5
Floor Plan
421 S Cloverdale Blvd, Cloverdale, CA for sale Interior Photo- Image 2 of 5
Interior Photo
421 S Cloverdale Blvd, Cloverdale, CA for sale Interior Photo- Image 3 of 5
Interior Photo
421 S Cloverdale Blvd, Cloverdale, CA for sale Interior Photo- Image 4 of 5
Interior Photo
421 S Cloverdale Blvd, Cloverdale, CA for sale Interior Photo- Image 5 of 5
Interior Photo
Size 1,665 SF
Space Use Office/Retail
Position -
Available Now

Has restaurant kitchen infrastructure.

1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP
421 S Cloverdale Blvd, Cloverdale, CA for sale Floor Plan- Image 1 of 1
Floor Plan

D

421 S Cloverdale Blvd, Cloverdale, CA for sale Floor Plan- Image 1 of 1
Floor Plan
Size 824 SF
Space Use Retail
Position End Cap
Available Now

1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP
421 S Cloverdale Blvd, Cloverdale, CA for sale Floor Plan- Image 1 of 1
Floor Plan

E

421 S Cloverdale Blvd, Cloverdale, CA for sale Floor Plan- Image 1 of 1
Floor Plan
Size 1,720 SF
Space Use Retail
Position End Cap
Available Now

"Gray shell" condition. Requires building out shell improvements.

1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP
421 S Cloverdale Blvd, Cloverdale, CA for sale Floor Plan- Image 1 of 1
Floor Plan

F

421 S Cloverdale Blvd, Cloverdale, CA for sale Floor Plan- Image 1 of 1
Floor Plan
Size 1,509 SF
Space Use Retail
Position In-Line
Available Now

"Gray shell" condition. Requires building out shell improvements.

TRAFFIC

COLLECTION STREET CROSS STREET TRAFFIC VOLUME YEAR Distance
Citrus Fair Drive Redwood Hwy, SE 16,007 2025 0.22 mi
Redwood Highway - 17,979 2025 0.23 mi
Redwood Hwy E 1st St, S 16,627 2024 0.72 mi
101 E 1st St, S 16,761 2025 0.72 mi
Redwood Hwy Citrus Fair Dr, N 20,739 2024 0.74 mi
101 Citrus Fair Dr, N 20,922 2025 0.74 mi
Crocker Rd River Ln, SW 2,402 2025 0.96 mi
S Cloverdale Blvd Sandholm Ln, S 19,620 2024 1.23 mi
South Cloverdale Boulevard Sandholm Ln, S 19,609 2025 1.23 mi
North Cloverdale Boulevard N Redwood Hwy, SE 3,301 2025 1.34 mi
Walk Score®
Very Walkable (76)

NEARBY MAJOR RETAILERS

Anytime Fitness
Chase Bank

PROPERTY TAXES

Parcel Number 001-071-031 Improvements Assessment $819,943
Land Assessment $403,802 Total Assessment $1,223,745

PROPERTY TAXES

Parcel Number
001-071-031
Land Assessment
$403,802
Improvements Assessment
$819,943
Total Assessment
$1,223,745

MAP

ADDITIONAL PHOTOS

View Photo Building Photo
View Photo Building Photo
View Photo Building Photo
View Photo Building Photo
View Photo Building Photo
View Photo Building Photo
  • Listing ID: 31716263

  • Date on Market: 5/6/2024

  • Last Updated: 6/10/2025

  • Address: 421 S Cloverdale Blvd, Cloverdale, CA 95425