2436 Foothill Boulevard

Description

2436 Foothill Blvd Positioned at the highly visible, signalized intersection of Foothill Boulevard and Petrified Forest Road, Riverlea Square presents a rare opportunity to acquire a well-located multi-tenant office building in the heart of Calistoga. 2436 Foothill Boulevard is part of an established commercial condominium development, where two buildings have been completed and three additional parcels remain undevelopedoffering future upside within the community. Built circa 1991, the property features contemporary office space designed with functionality and comfort in mind. The building offers 11 suites and is mostly leased, generating over $16,000 per month in gross rental income, providing immediate cash flow with additional upside potential. Tenants benefit from abundant natural light, ample on-site parking, and individually metered PG&E service, creating an efficient and attractive environment for a range of professional users. Additional highlights include: Well-maintained TPO roof Restrooms on each floor Fire suppression system A unique feature of the property is the basement storage area, complete with a dirt floor and roll-up door access, ideal for secure, on-site storage. Value-Add Opportunity: The property has been held long-term and has not been actively repositioned in recent years, presenting a compelling opportunity for a new owner to enhance performance. Strategic capital improvements and a more proactive leasing approach could unlock meaningful upside through rent growth and improved tenant mix. With limited office inventory in Calistoga, well-located and functional space like this remains in steady demandfurther supporting the potential to increase rents and overall returns. This asset offers versatility for both owner-users and investorswhether you're looking to occupy a portion of the building while generating income, or capitalize on rental upside and long-term cash flow in a supply-constrained market.