Highlights
•Value-add or owner-user opportunity featuring a hard-corner retail property with an additional multifamily unit in Sonoma Valley. •Both the retail and residential leases are on a month-to-month basis, providing the potential for an immediate and significant increase in income. •Includes a spacious 13,000-square-foot outdoor area currently utilized by the retail tenant as an open-air showroom for outdoor furniture displays.
Description
20490 Broadway Street presents a distinctive investment opportunity ideal for both value-add and owner-user investors. Situated on a prominent, signalized hard corner at Broadway Street and Leveroni/Napa Roads—the main gateway into downtown Sonoma—the property offers excellent visibility and a prime location. Zoned for both retail and residential use, it provides a diversified income potential. The building totals approximately 8,526 square feet, including about 7,510 square feet of ground-floor retail space and a one-bedroom, one-bath residential unit of roughly 1,016 square feet located above the rear portion of the retail area. Both the retail and residential spaces are currently leased; however, existing rental rates are significantly below current market levels. With all leases on a month-to-month basis, there is immediate potential to increase revenue through re-leasing at market rates. The retail portion also features a generous outdoor area of approximately 13,000 square feet, currently used by the tenant as an open-air showroom for outdoor furniture. For value-add investors, the opportunity lies in repositioning and re-leasing the property to achieve higher income and increased market value. For owner-users, acquiring 20490 Broadway Street through an SBA-504 loan with just 10% down offers the chance to reduce occupancy costs compared to leasing comparable retail space in Sonoma, while also benefiting from supplemental income generated by the residential unit.
Listing Details
- Cap Rate
2.17%
- Tenancy
Single
- Space Type
mixed-use
- Sub Category
mixed-use-multifamily / mixed-use-retail
- Date Listed
10/23/2025
- Ownership Info
Fee Simple
- Investment Type
Value Add
- Net Operating Income
$54,139
- Net Rentable
8,526 SF
Property Specifics
- Property Name
Value-Add Retail / Owner-User | Sonoma Valley Hard Corner
- Property Class
C
- No of Buildings
1
- No of Units
2
- Year Built
1935
- Building Size
8,526 SF
- Lot Size
40,075 SF
- APN
128-262-003-000
- Zoning
C1
- Occupancy
100%