1385 8Th StArcata, CA 95521

This exceptional 54,523-square-foot Class B medical office building in Arcata, California, presents a compelling investment opportunity. Currently 100% occupied under a gross lease, the property boasts a strong $172.22 per square foot asking price of $9,390,000. Situated on a sizable 5.33-acre lot within the Arcata Gateway Project, this multi-tenant property offers significant potential for future development. The existing building features a mix of office, medical, and warehouse space, with an additional 22,000 square feet (2,080 SF office and 19,920 SF warehouse) soon to become available. Owners are open to redevelopment to meet leasing needs or a direct sale. The Arcata Gateway Project, encompassing 139 acres, allows for substantial expansion opportunities, including the potential for up to 3,500 residential units. This prime location at 1385 8th St, Arcata, CA 95521, benefits from its proximity to local amenities such as Holly Yashi, The Pub at The Creamery, and the Arcata Playhouse. The project's rezoning simplifies permitting, revitalizing previously industrial land. This property offers a unique blend of immediate income and long-term development potential in a rapidly growing area.