1260 Broadway

Description

Fully leased mixed-use investment property located along one of the most desirable commercial corridors in the city of Sonoma. Ideally positioned at the gateway to Sonoma, approximately one mile from the Historic Downtown Plaza, one of the most vibrant and sought-after downtown destinations in California, the property offers exceptional street presence and convenient access to the heart of downtown. Benefiting from the constant energy of a thriving tourism and hospitality destination, this prime location experiences steady pedestrian and vehicle traffic, further enhancing the property's long-term stability and value. 1260 Broadway presents investors with strong, consistent cash flow and compelling long-term investment potential, making it an attractive opportunity for both seasoned investors and buyers seeking a strategic 1031 exchange. The property is currently generating approximately $299,208 in gross annual income. The 8,810 SF building is configured with four residential units (each one bedroom / one bathroom) and six commercial spaces, providing diversified income streams within a single asset. Situated on an expansive 27,000 SF lot, the property also features approximately 30 on-site parking spaces, an increasingly valuable amenity in this high-demand area. Sonoma is internationally celebrated for its world-renowned wineries, acclaimed restaurants, boutique shopping, scenic hiking and biking trails, and a lifestyle that blends historic charm with modern sophistication. The region attracts visitors from around the globe while maintaining a strong and loyal local community, creating year-round economic vitality that supports both residential and commercial tenancy. With established tenancy already in place, this asset delivers immediate income with long-term upside in one of Northern California's most sought-after markets.