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127 E Cotati Ave, Cotati Ca 94931

Page 1

MIXED

USE

PROPERTY

Residential/ Commercial Lot Size: 15,000 Sq Ft Size:5,594 Year Built: 1986

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PRICE $1,325,000

DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM


RE/MAX MARKETPLACE IS PROUD TO PRESENT

PRIME HIGH VISIBILITY MIXEDUSE COMMERCIAL PROPERTY Seize this rare opportunity to own a prime mixed-use investment in Cotati. This turn-key property features two fully leased ground floor commercial units and two spacious apartments, situated on a high visibility large corner lot. Meticulously maintained by the current owner for over 20 years, no expense has been spared and no corners have been cut in providing past and current tenants with quality leased spaces. The residential component includes a recently remodeled 2-bedroom, 1-bath apartment and a large studio. Both units feature full-sized kitchens, remodeled bathrooms and are in beautiful move-in ready condition. Both units have been left vacant to provide a variable of options for the new owner. The commercial units include a thriving hair salon and a popular restaurant. Both units are leased on a longterm basis, providing the potential for stable and reliable tenancy. The hair salon occupies approximately 1100 sq. ft. and features an employee room/office. This unit has recently been upgraded with significant improvements, such as LED lighting, a remodeled bathroom, fresh paint, new vinyl flooring, and dedicated air conditioning. The restaurant, known for its BBQ and Mexican cuisine, spans approximately 2,500 Sq Ft. This unit features new vinyl flooring and an inviting interior complete with its own bathroom, prep kitchen, full-size walk-in commercial fridge, washroom, dry storage, and office. Additionally, it offers a large street-facing patio, a permitted BBQ area, and more. DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM


Studio 2 bedroom unit Restaurant

Salon

Rents

Unit Composition

Approx.Sq Ft.

Rent

Description

Studio

800

$1,900

0 Bed/1 bath

Salon

1,100

$1,665

East and Mane Salon

BBQ Restaurant

2,500

$3,500

Luigi’s BBQ

2 bed Unit

1,100

$2,200

2 Bed/1 Bath

The two residential units are currently vacant to facilitate the sale process. Please note that rental estimates are approximate and should be independently verified by the buyer.


Current Lease Terms Unit #

Tenant

Rent

Lease Expiration

Option

121

East and Mane Salon

$1,665

Nov 30, 2024

Two (2 year)

127

Luigi’s BBQ

$3,500*

May 5, 2029

5 Year

* $100 increase/year

Lease Option Unit 121

Unit 127

Term

Increase

Term

Increase

Dec 1, 2024 - Dec 1, 2025

$1,765

May 1, 2029 - April 30, 2030

$4,000

Dec 1, 2025 - Dec 1, 2026

$1,865

May 1, 2030 - April 30, 2031

$4,100

Dec 1, 2026 - Dec 1, 2027

$1,965

May 1, 2031 - April 30, 2032

$4,200

Dec 1, 2027 - Dec 1, 2028

$2,065

May 1, 2032 - April 30, 2033

$4,300

May 1, 2033 - April 30, 2034

$4,400


INCOME/EXPENSE


LOCATION

HIGHWAY 1O1

COTATI FIRE STATION

127 E COTATI AVE

COTATI PLAZA

DOWNTOWN

Rare for a downtown location, this property boasts 17 parking spaces, offering unmatched convenience for both residential and commercial tenants. Situated in the heart of downtown Cotati, the property is situated less than a block from the Cotati Plaza and the vibrant downtown strip, which hosts popular restaurants, concerts, and farmers markets. The property is a mere 0.05 miles to the SMART train station, 1.8 miles to Sonoma State University and .6 miles to Hwy 101. Cotati's central location between Sebastopol, Santa Rosa, Petaluma, and Rohnert Park further enhances its appeal. Additionally, it is in close proximity to the Rancho Cotati Shopping Center, home to local favorites such as Oliver's Market, Starbucks, and Dollar Tree.

DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM


AERIAL VIEW

DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM


LOCATION

AERIAL VIEW

No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing condi-tions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM


SALON

DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM


RESTAURANT

DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM


DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM


STUDIO

DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM


2 BEDROOM UNIT

DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM


COMMUNITY

SONOMA-MARIN AREA RAIL TRANSIT Energy efficient and convenient for residents, the Sonoma-Marin Area Rail Transit (SMART) is the newest travel option for Bay Area residents. Currently spanning a total of 43 miles of rail service, SMART allows seamless travel to 10 active stations from Santa Rosa to San Rafael. Once complete, the entire SMART project will offer passengers 70 miles of rail travel, extending their service from Cloverdale to Larkspur with San Francisco Bay Ferry access. The Larkspur rail extension is set to be completed by 2019, and is projected to increase in amount of passengers due to San Francisco commuter, sport fan, and tourist use. A single two-car train can fit roughly 318 passengers, seated and standing, and requires only a Clipper Card to board. Onboard amenities that are available to passengers include free Wi-Fi, a snack bar, and accessible restrooms. Not only is SMART the most unique way to travel throughout the North Bay, but residents also love SMART for its travel convenience and affordable ticket prices. Within its first year of service, SMART trains carried over one million passengers to their desired destinations, and more expansions for its rail services are ongoing to satisfy all passenger needs. Whether riding SMART to commute to work, or for a weekend trip between Sonoma and Marin counties, SMART continues to make travel throughout the Bay Area easier than ever before.

Proximity Cotati Station Cotati Station

0.7 Miles

DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM

COTATI


DEMOGRAPHICS

DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM


TRAFFIC COUNT

DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM


COMMUNITY

ABOUT COTATI Cotati is a charming small city in Sonoma County, California, known for its rich history, vibrant community, and unique hexagonal downtown plaza. Incorporated in 1963, Cotati has deep roots dating back to the Coast Miwok Native Americans and later became a hub for agriculture and ranching. With a population of around 7,500, the city maintains a close-knit, small-town atmosphere. Cotati enjoys a Mediterranean climate with warm, dry summers and mild, wet winters. Conveniently located between Sebastopol, Petaluma, and Rohnert Park, Cotati benefits from easy access to these neighboring cities. The city hosts various annual events, including the popular Cotati Accordion Festival, and offers ample green spaces like La Plaza Park. The local economy is diverse, supported by small businesses, retail, and services, and benefits from the nearby Sonoma State University. Cotati's real estate market features a mix of housing options, known for being relatively affordable compared to other parts of Sonoma County, making it an attractive place for families and individuals seeking a quieter lifestyle. The balance between growth and preserving its small-town character adds to Cotati's appeal as a desirable place to live and visit.

Population Median Age Median Household Income Median Home Value 5 Year Growth

7,453 (2022) 39 (1 Mile Radius) $62,705 $634,204 0.2%

Owner/Tenant Occupied

55% / 45%

DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM


David Rendino & Erika Rendino INCOME PROPERTY SPECIALISTS DRE#01252035 | 0 1465104

DAVID: 707.696.3742 ERIKA : 707.318-1851 EMAIL: DRENDINO@MAC.COM

Each office independently owned and operated. The information contained herein has been obtained through sources deemed reliable by RE/MAX Marketplace, but cannot be guaranteed for its accuracy. We recommend to the buyer that any information, which is of special interest, should be obtained through independent verification. ALL MEASUREMENTS ARE APPROXIMATE.


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