349 Main StWillits, CA 95490

Property Details for 349 Main St

Lot size

0.12 AC

Property type

Retail properties

Property subtype

Retail space

APN

006-045-26-00

APU

60452600

Description

This exceptional mixed-use property, located at 349 S Main Street in the heart of Willits, California, presents a compelling investment opportunity. Situated on a desirable 0.12-acre corner lot with prominent downtown street frontage, this building offers significant potential for a variety of commercial ventures. Currently configured as a restaurant, the property boasts a fully equipped kitchen featuring a recently installed nine-foot hood system, ensuring compliance with all necessary health and safety regulations. The layout includes a comfortable interior dining area, a convenient covered patio perfect for outdoor seating, and an operable drive-through window, adding to the property's versatility and potential revenue streams. Accessibility is ensured with an ADA-compliant restroom and dining area, catering to a wider range of clientele. The property's central location within the vibrant downtown area provides excellent visibility and accessibility, making it an ideal location for a thriving business. This turnkey restaurant setup offers immediate operational capabilities, minimizing start-up time and costs. However, the adaptable layout and features also make it suitable for a variety of other storefront businesses. The property's prime location and versatile design make it a truly unique opportunity in the Willits commercial real estate market. The asking price is $325,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,108,020

  6.5%

  $1,945,865

  7%

  $1,806,875

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,417,021

  Geo Method

  $1,880,704

• Alternative Use

  Use

  Valuation

  Residential

  $1,641,410

  Hospitality

  $1,503,523

  Educational

  $1,250,913

  Medical

  $1,293,934

  Retail

  $1,945,865

Location Insight

City

Willits

County

Mendocino

State

California

Latitude

39.4084

Longitude

-123.353

CBSA code

46380

CBSA name

UKIAH, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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