Anthea @ The Granite

Welcome to Anthea @ The Granite. This iconic multi-family building is located in the heart of the north downtown NOLO district. Anthea is a unique 3 story development constructed in 2014 subject to a 50 year ground lease with options for an additional 20 years. This is an ideal property for an investor or multi-family owner/ user. (See flyer for more information)

The 8,000 SF ground floor space features a garage-style window that opens on to an enclosed patio facing 4th Street. The ground floor, which is currently vacant, has the potential to add 11 more residential units or to be developed as executive suites, restaurant with in-place stubbed in utilities, hood ventilation, and retail or office tenants.

The upper 2 stories are 1, 2, 3 bedrooms apartments, some furnished, currently at 87% occupancy. These beautifully appointed units have high end finishes, include ample on site secured fenced parking, and are popular with millennials as well as retirees. This property is also available for alternative housing occupants. Each unit has a full kitchen, washer/dryer and outside balcony.

The property additionally has:

• Great downtown location near restaurants, entertainment and major retail attractions.
• ADA compliant elevators
• Stairwells on north and south sides
• An exercise center, conference room & separate Business Office
• On site laundry facility, housekeeping, stock and storage
• Main lobby and managers office

The ground floor opportunities include:

• The ability to add 11 additional residential units, 34 in total executive suites, or a full-service restaurant
• Below market pricing at $150 PSF 

Anthea is an amazing opportunity for an investor, owner/ user, or alternative housing. This property is adequately zoned for transitional housing, located near applicable services.