8479 East RdRedwood Valley, CA 95470

Property Details for 8479 East Rd

Year built

1961

Lot size

1.68 AC

Property size (Sq ft)

18,080 SF

Property type

Industrial properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a substantial mixed-use commercial complex ideally situated in central Redwood Valley, California. Spanning 1.68 acres, the property comprises three buildings totaling 18,080 square feet and features a diverse tenancy including four residential apartments and ten commercial tenants occupying seven downstairs office spaces in the main building. Three additional vacant upstairs offices offer immediate potential for increased revenue. Further enhancing the property's value are a detached 2,000-square-foot building and a large 8,000-square-foot open metal building, both currently leased, along with a substantial parking area. A recently developed, approximately quarter-acre lot provides ample space for future expansion or development. The property benefits from a connection to the 2-inch Redwood Valley water line and a high-capacity well, ensuring a reliable water supply. The property is well-maintained and offers a strong return on investment, with a current NOI of $117,819 and a 4.71% cap rate (estimated due to recent development and currently vacant offices). The asking price is $2,500,000, with a potential for a buyer to assume an existing 5% note. The property is zoned C2:12K and has a total of 10 tenants under a gross lease agreement. This versatile property is an excellent investment opportunity with significant upside potential. The property's address is 8479 East Road, Redwood Valley, CA 95470, APN 163-132-20-00.

Location Insight

City

Redwood Valley

County

Mendocino

State

California

Latitude

39.2649

Longitude

-123.203

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