A Napa Valley property occupied by Del Dotto Vineyards and several non-wine-industry tenants is on the market for $34 million. Marcus & Millichap Real Estate Investment Services is listing the property.
The brokers say a 50-unit hotel could be built on the 12-acre site with appropriate regulatory approvals, the San Francisco Business Times reports.
Del Dotto, a small, family-owned vineyard and winery known for its high-end wines and aficionado-friendly barrel-tasting tours of the manmade wine caves, has constructed a new winery and caves in St. Helena. It plans to consolidate operations there when its lease runs out at the newly listed property. A Del Dotto employee said the lease there still has more than a year to run.
Winery owner Dave Del Dotto and other family members were unavailable for comment.
A recent article on appellationamerica.com said Del Dotto produces about 8,000 cases annually, but expects to expand that total to about 12,000 cases.
The Atlas Peak Road site, adjacent to the Silverado Country Club and Resort, includes an historic ivy-covered winery (known as the Hedgeside Distillery Building), wine-storage caves excavated more than a century ago, five acres of vineyards, a tasting room, an art gallery building, a 3,500-square-foot estate home built in the 1800s and several other structures, according to the real estate brokerage.
