361 Main StWillits, CA 95490

Property Details for 361 Main St

Lot size

0.22 AC

Property type

Commercial real estate

APN

006-045-25-00

APU

60452500

Description

This exceptional 1750 square foot office building, located at 361 S Main Street in Willits, CA, presents a unique investment opportunity. Originally constructed in 1912 and remodeled in the 1950s as a medical practice, this property has served as a thriving dental office since 1980, benefiting from consistent updates and maintenance. The building boasts a prime Main Street location, ensuring excellent street visibility and ample signage opportunities. Convenient on-site parking is provided by a private lot, supplemented by readily available street parking. A significant advantage is the inclusion of a recently added detached two-car garage, ideal for storage or additional parking. Accessibility is further enhanced by ADA-compliant parking and a restroom. The interior comprises twelve versatile rooms and three restrooms, offering considerable flexibility for adaptation to a new owner's specific requirements. The 0.22-acre lot provides ample space for the building and parking. This well-maintained property is priced at $300,000 and represents a compelling opportunity for a variety of professional uses. Its established history, desirable location, and adaptable layout make it an attractive investment in the heart of Willits.

• CAP approach

  CAP return

  Valuation

  6%

  $2,979,640

  6.5%

  $2,750,440

  7%

  $2,553,980

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,758,450

  Geo Method

  $1,368,260

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,228,650

  Retail / Commercial

  $2,717,700

  Mixed-Use / Specialty

  $2,736,760

  Hospitality / Lodging

  $2,045,300

  Office

  $2,750,440

  Institutional / Educational

  $2,855,400

  Residential Income

  $3,340,820

  Multifamily

  $3,847,440

  Automotive / Energy

  $2,447,480

  Parking / Income-Based Land

  $816,198

  Restaurant / Food Service

  $1,484,760

  Healthcare / Senior Housing

  $2,777,020

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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