1650 W Steele Ln, Santa Rosa, CA 95403

Property Description

Positioned in one of Santa Rosa's most strategic growth corridors, this fully entitled multifamily development opportunity offers a rare chance to build in a premier infill location directly across from Coddingtown Mall and adjacent to the Schulz Ice Rink and Museum. The property provides convenient access from Meadowbrook Court and is located just blocks from the Highway 101 corridor and multiple public transportation options, making it an ideal location for commuters and residents seeking connectivity throughout Sonoma County and beyond. Approved plans call for a well-balanced 36-unit multifamily community with a strong unit mix of six (6) 1-bedroom units, twenty-seven (27) 2-bedroom units, and three (3) 3-bedroom units. Through the approved density bonus program, the project allows for 32 market-rate units and 4 low-income units, creating an attractive development opportunity in a market with continued demand for quality housing. Located within the North Station Area Specific Plan District, a designated Transit Oriented Priority Development Area, the project is surrounded by key amenities within a half mileincluding a public library, museums, ice skating arena, parks, schools, the City's largest shopping center, a major grocery store, and numerous local businesses, services, and transit optionsmaking it an ideal setting for a walkable, amenity-rich residential community.