Devon's clippings · Clipped: Tue-06-Dec-2022 · Original:
loopnet.com/Listing/US-Highway-101-Cloverdale-CA/25776125
Investment Highlights
- Fully entitled Alexander Valley Resort & Residences.
- Tremendous Optionality
- Strong Residential Environment
- World-class wine country development.
- Robust & Supply Constrained Luxury Lodging Market
Executive Summary
Located in Sonoma County, one of the most sought-after destination resort markets in the world, the Alexander Valley Resort & Residences is a fully entitled development opportunity in an emerging location in Northern California’s world-renowned wine country. With tremendous access from US Highway 101 and sweeping views of the Mayacamas Mountains, the vineyards that dot the hillside, and the Russian River, the Property provides the perfect canvas for a memorable upscale, mixed-use resort community development. Comprised of approximately 267 acres, AVR is entitled for up to 150 lodging rooms, 40 resort casita/fractional ownership units, 130 single-family residential lots, and supporting mixed-use commercial/retail of over 125,000 square feet. The uses allow for world class amenities including spa, restaurant(s), corporate meeting/event space, wedding facilities, golf, open spaces, pools, bocce ball courts, fitness centers, wine tasting rooms, and boutique shops to name a few. AVR lies within the City of Cloverdale. The City and the community are strongly in favor of the project and the City has included a Transient Occupancy Tax sharing component to provide additional incentives to a developer.
Property Facts
1 Lot Available
Lot
Lot Size | 267.00 AC |
Transportation
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Sonoma County Airport
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35 min drive | 26.4 mi |
PROPERTY TAXES
Parcel Number | 117-050-012 | Improvements Assessment | $0 |
Land Assessment | $5,722 | Total Assessment | $5,722 |
Listing ID: 25776125
Date Created: 5/24/2022
Last Updated: 11/14/2022
Address: US Highway 101, Cloverdale, CA
The Land Property at US Highway 101, Cloverdale, CA 95425 is currently available For Sale. Contact CBRE for more information.
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