DeWitt's Tire / 802 Studley

801 West Napa Street / 802 Studley Street presents a compelling value-add investment opportunity. The property includes a roughly 6,235-square-foot commercial building with prime frontage on West Napa Street, as well as a detached single-family home located on the same lot, facing Studley Street—a quieter residential street running parallel to West Napa.
The commercial space is currently leased to DeWitt’s Tires under a long-term modified gross lease, offering stable income. The single-family residence is currently vacant, providing immediate flexibility for leasing or redevelopment.
West Napa Street is one of Sonoma’s busiest thoroughfares, offering strong visibility and exposure for the commercial tenant. Meanwhile, the rear residence sits within a residential setting surrounded by well-maintained single-family homes and multi-family properties.
A key value-add component lies in the potential to subdivide the parcel into two separate lots—allowing the commercial building and single-family home to stand on individual parcels. The residence can then be leased for additional income or sold separately, potentially recouping more than half of the basis in the commercial asset. Whether held for cash flow or repositioned for resale, this property offers multiple paths for enhanced return.