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Exceptional Restaurant and Bar For Sale 5151 Montero Way 10,500 SF Retail Building Petaluma, CA 94954 $3,500,000 ($333.33/SF)
EXECUTIVE SUMMARY
Property History:
The Parkwest Casino property was developed in 1975. Historically remembered as Sonoma Joe's then in the early 90's converted from a restaurant only to a gambling establishment called 101 Casino. Today the structure is a fully outfitted card house, restaurant with a bar. This property is a true gateway location as one of the first that you see when you're coming into Petaluma going south and the large sky monument sign is the last thing you will likely see going North.
Unmatched 101 Hwy visibility with over 400ft of frontage
103 parking spaces 11 per 1000sf
• Large sky monument sign
• Fully outfitted kitchen, bar and dining halls (available with purchase)
• Convenient Access to 101
The Parkwest Casino property was developed in 1975. Historically remembered as Sonoma Joe's then in the early 90's converted from a restaurant only to a gambling establishment called 101 Casino. Today the structure is a fully outfitted card house, restaurant with a bar. This property is a true gateway location as one of the first that you see when you're coming into Petaluma going south and the large sky monument sign is the last thing you will likely see going North.
Unmatched 101 Hwy visibility with over 400ft of frontage
103 parking spaces 11 per 1000sf
• Large sky monument sign
• Fully outfitted kitchen, bar and dining halls (available with purchase)
• Convenient Access to 101
PROPERTY FACTS
Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
10,500 SF
Building Class
B
Year Built
1975
Price
$3,500,000
Price Per SF
$333.33
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
2.25 AC
Zoning
CITYPE, Petaluma
Parking
103 Spaces (11.44 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 007-421-027 | Improvements Assessment | $1,136,770 (2023) |
| Land Assessment | $2,330,902 (2023) | Total Assessment | $3,467,672 (2023) |
PROPERTY TAXES
Parcel Number
007-421-027
Land Assessment
$2,330,902 (2023)
Improvements Assessment
$1,136,770 (2023)
Total Assessment
$3,467,672 (2023)
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Exceptional Restaurant and Bar For Sale | 5151 Montero Way
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