7+ ACRE DEVELOPMENT TRACT in SONOMA COUNTYSells Regardless of Price to High Bidder
Onsite Auction with Live Webcast Bidding
Tuesday, December 17th at 10 am PT
7.17 acre tract with 631 feet of frontage on Gravenstein Highway and 474’ on Alder Avenue, plus adjoining .65 acre site. Located less than 5 minutes from the new Graton casino, in Cotati Commons, a mixed use development at NW quadrant of US 101 and Gravenstein Highway, adjoining Lowes.
The 7+ acre site (APNhas entitlements for commercial and residential development, and the .65 acre landlocked site (APNis dedicated for park/ open space benefitting the adjoining Cotati Cottages townhome development. Site plan calls for 43 residential lots and 3 commercial buildings. Both parcels are subject to the South Sonoma Business Park Assessment District (SSBPAD), which results in assessments of almost 90% of the $85,000 total annual tax bill. There are a number of conditions imposed by Caltrans, the city of Cotati, and the SSBPAD which must be met in order to develop the property.
Address: Gravenstein Hwy east of Alder Avenue, Cotati, CALocal Contact: Megan Lopresti,Inspection: Inspect at Any Time