About 2208 Olivet Road
Investment Opportunity!! 12.11 acre property located in the heart of Sonoma County. The property hosts a thriving grapevine nursery & well established vineyard support company, both of which are long-term tenants with 7-8 years remaining on their leases and an expressed willingness to extend. Their long-term leases provide a stable and reliable income stream with a NOI of $531,788+/-, generating a robust 8.9% cap rate based on actual numbers. Improvements include multiple green houses, Ag support structures, office spaces and equipment storage. There is a 3 bed, 2.5 bath approx 2100 sq home with RV storage and garage currently leased month to month to a solid tenant. Two wells with multiple storage tanks on site.
Features of 2208 Olivet Road
| MLS® # | 324087339 |
|---|---|
| Price | $6,000,000 |
| Square Footage | 4,776 |
| Acres | 12.11 |
| Year Built | 1980 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 2208 Olivet Road |
|---|---|
| Area | Santa Rosa-Northwest |
| City | Santa Rosa |
| County | Sonoma |
| State | CA |
| Zip Code | 95401-3820 |
Amenities
| Utilities | Internet Available, Separate Gas Meter |
|---|---|
| Features | 12 to 18 Ft Ceilings, Kitchen Facilities, Manager's Office, Refrigeration |
| Parking Spaces | 50 |
Interior
| Heating | Central, Ductless |
|---|---|
| Cooling | Ductless |
Exterior
| Lot Description | Manual Sprinkler F&R |
|---|
Additional Information
| Zoning | LIA40 |
|---|