Description
This 6-unit Multi-tenant commercial property is currently at a 6.3% Cap Rate (7.7% Cap Rate non Covid) and is located in the heart of the southern approach corridor for downtown Fort Bragg. High Visibility, Upside rental opportunities, 2 Structures at approximately 12,000 SF total (9,000 SF / 3,000 SF). 5 Roll Up Doors, Loft, 1 Loading Dock, 32 parking spots, 5 electric meters, 6 bathrooms and a kitchen. There is also a owner's apartment (1000 SF) on second floor of the larger building. Currently the entire 3000 SF building is 100% Occupied. Approximately 3500 SF out of 9000 SF building is rented by the retail store. Zoned Highway Visitor Commercial (CH), Prime potential for a Retail/Hospitality site with proximity to McDonalds and Mendocino College's Coast Center. Strengthening local demographics, Easy access to Anderson Valley, Santa Rosa and the San Francisco Bay Area markets.
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0BEDS
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1.25ACRES
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0BATHS
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01/2 BATHS
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12,000SQFT
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$113$/SQFT
School Ratings & Info
Description
This 6-unit Multi-tenant commercial property is currently at a 6.3% Cap Rate (7.7% Cap Rate non Covid) and is located in the heart of the southern approach corridor for downtown Fort Bragg. High Visibility, Upside rental opportunities, 2 Structures at approximately 12,000 SF total (9,000 SF / 3,000 SF). 5 Roll Up Doors, Loft, 1 Loading Dock, 32 parking spots, 5 electric meters, 6 bathrooms and a kitchen. There is also a owner's apartment (1000 SF) on second floor of the larger building. Currently the entire 3000 SF building is 100% Occupied. Approximately 3500 SF out of 9000 SF building is rented by the retail store. Zoned Highway Visitor Commercial (CH), Prime potential for a Retail/Hospitality site with proximity to McDonalds and Mendocino College's Coast Center. Strengthening local demographics, Easy access to Anderson Valley, Santa Rosa and the San Francisco Bay Area markets.
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