Prime Downtown Development Opportunity at 450 - 470 Lakeville Street in Petaluma. This exceptional property (on 1.56 combined acres) is perfect for Affordable Housing or business development projects, offering unbeatable convenience with close proximity to the SMART station, freeway access, shopping, and Petaluma's vibrant downtown restaurants and nightlife. Ideal for developers looking to meet the growing demand for affordable living in a high-demand area. Whether for residential, retail, or mixed-use development, this location provides the perfect blend of accessibility and urban amenities. Enjoy the income stream from existing tenants whilst undergoing approvals for your proposed development. Don't miss this chance to invest in a thriving community hub!