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Listed by Peter Colbert Compass
$ 8,500,000
Est. payment | /mo
84 Acres Lot
$ 8,500,000
Est. payment | /mo
84 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 326087611
HOA Y/N No
Year Built 1988
Lot Size 84.000 Acres
Acres 84.0
Property Sub-Type Mixed Use
Property Description
With over $400,000+ in annual gross tenant income and 84 acres just minutes from downtown Cloverdale, 695 West Cherry Creek Road is currently home to an established residential community with nine residences-five large multi-unit homes and four one-bedroom cabins. A 3,500-square-foot event and community center with a commercial kitchen anchors the shared amenities, along with a swimming pool, additional support buildings, city water, solar, and extensive infrastructure already in place. Open land, wooded areas, and expansive views extend throughout the acreage, creating a tranquil setting for the existing residential use. For an investor or operator, the property brings together substantial current income, significant land, multiple residences, and an incredible opportunity to add buildings and income, connect to city sewer, and develop endless other improvements. Come see what's possible
Location
State CA
County Sonoma
Area Cloverdale
Exterior
Utilities Available Cable Available, Internet Available, Separate Gas Meter
Waterfront Description Public,Well
Total Parking Spaces 60
Private Pool No
Building
Sewer Septic Tank
Water Public, Well
Level or Stories 2
Others
Tax ID 115230008000
Security Features Security Gate
Special Listing Condition Standard
Virtual Tour https://youtu.be/_JkWrGwGWsg
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