242 Main StWillits, CA 95490

Property Details for 242 Main St

Lot size

0.12 AC

Property type

Retail properties

Property subtype

Retail space

APN

005-226-06-00

APU

52260600

Description

This exceptional 2,900 square foot retail space at 242 Main Street in historic downtown Willits, CA presents a rare investment opportunity. Boasting excellent street visibility and convenient on-street parking, this property is ideally situated near the post office and several financial institutions. The building offers ample storage space in the rear, along with dedicated owner/employee parking. Previously occupied by a florist (available for separate purchase), this versatile space is perfect for a variety of businesses. The high foot traffic of this central location ensures maximum exposure for your enterprise. The asking price is $275,000, representing a significant value for a property of this caliber in a thriving downtown area. The building's strong location and substantial square footage make it an attractive prospect for entrepreneurs seeking a well-established and visible commercial space. Don't miss this chance to secure a prime location in the heart of Willits. The property is offered as-is. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $2,180,613

  6.5%

  $2,012,874

  7%

  $1,869,097

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,500,255

  Geo Method

  $1,945,469

• Alternative Use

  Use

  Valuation

  Residential

  $1,697,934

  Hospitality

  $1,555,299

  Educational

  $1,293,990

  Medical

  $1,338,493

  Retail

  $2,012,874

Location Insight

City

Willits

County

Mendocino

State

California

Latitude

39.4099

Longitude

-123.354

CBSA code

46380

CBSA name

UKIAH, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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