205 Clay StUkiah, CA 95482

Property Details for 205 Clay St

Lot size

0.10 AC

Property type

Office properties

Property subtype

Other office properties

APN

002-263-08-00

APU

22630800

Description

This exceptional 1,420-square-foot commercial building at 205 West Clay Street in Ukiah, California, presents a compelling investment opportunity. Situated on a 0.09-acre lot in the heart of downtown, this property enjoys unparalleled visibility and accessibility. Its strategic location directly across from newly installed Tesla charging stations ensures consistent foot traffic and enhanced tenant appeal. The building, constructed in 1922, currently operates as a fully leased five-office space, providing immediate cash flow for investors. Its proximity to School Street, the farmers market, local shops, and restaurants further enhances its desirability. The General Urban (GU) zoning designation offers remarkable flexibility for future development. This allows for a variety of uses, including continued operation as professional office space, the creation of mixed-use projects, or even the development of residential units. A significant advantage is the potential to expand the building vertically to a three-story structure, presenting substantial opportunities for future value appreciation. This property's combination of prime location, existing income stream, and flexible zoning makes it a truly unique and highly sought-after asset in the Ukiah commercial real estate market. The asking price is $425,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,179,431

  6.5%

  $1,088,705

  7%

  $1,010,941

• Comparable approach

  Method

  Valuation

  Relative Method

  $788,851

  Geo Method

  $613,811

• Alternative Use

  Use

  Valuation

  Residential

  $1,349,994

  Hospitality

  $1,236,588

  Educational

  $1,028,826

  Medical

  $1,064,209

  Retail

  $1,600,397

Location Insight

City

Ukiah

County

Mendocino

State

California

Latitude

39.1477

Longitude

-123.209

CBSA code

46380

CBSA name

UKIAH, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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