1315 State StUkiah, CA 95482

Property Details for 1315 State St

Lot size

8.39 AC

Property type

Super regional malls

APN

170-190-25-00

APU

1701902500

Description

Ukiah Crossroads, located at 1315 N State St, Ukiah, CA 95482, presents a compelling retail investment opportunity. This 106,460 square foot shopping center, zoned C-2 General Commercial, sits on a 1.39-acre lot in the thriving Ukiah submarket of Mendocino County. The property offers multiple tenancy options, with a minimum divisible space of 945 square feet and a maximum contiguous space of 4,332 square feet. Currently, there are 8,527 square feet of vacant space available, providing excellent potential for expansion or new tenants. The center's strategic location in Ukiah offers high visibility and accessibility, making it an ideal location for a variety of retail businesses. This property is situated within the Mendocino County submarket cluster, benefiting from the area's strong demographics and economic activity. The flexible space options cater to a wide range of business needs, from smaller boutiques to larger retail establishments. This is a rare opportunity to secure prime retail space in a desirable location with significant growth potential. The property's size and zoning allow for a diverse range of uses, making it an attractive investment for both established businesses and new ventures. Interested parties are encouraged to inquire about available spaces and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $147,391,232

  6.5%

  $136,053,440

  7%

  $126,335,344

• Comparable approach

  Method

  Valuation

  Relative Method

  $168,996,336

  Geo Method

  $131,497,432

• Alternative Use

  Use

  Valuation

  Residential

  $114,766,176

  Hospitality

  $105,125,200

  Educational

  $87,462,928

  Medical

  $90,470,912

  Retail

  $136,053,440

Location Insight

City

Ukiah

County

Mendocino

State

California

Latitude

39.1685

Longitude

-123.209

CBSA code

46380

CBSA name

UKIAH, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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