483 Chestnut StFort Bragg, CA 95437

Property Details for 483 Chestnut St

Year built

1983

Construction

WOOD

Lot size

0.22 AC

Property size (Sq ft)

952 SF

Property type

Retail properties

Property subtype

Other retail properties

APN

018-052-27-00

APU

180522700

Description

This exceptional 1,050 square foot commercial property, located at 483 Chestnut Street in Fort Bragg, California (zip code 95437), presents a unique investment opportunity. Currently operating as a leased salon, this versatile space offers significant potential for expansion and redevelopment. The property boasts ample parking and enjoys desirable southern exposure, maximizing natural light. The existing building sits on a solid slab foundation and has a history of diverse uses, demonstrating its adaptability to various business ventures. Its commercial zoning allows for a range of possibilities, including the addition of multiple units, subject to local regulations and approvals. The asking price is $300,000. This prime location in Fort Bragg offers excellent visibility and accessibility, making it an attractive proposition for both established businesses and new ventures seeking a foothold in a thriving community. The property's size and zoning provide a solid foundation for future growth and profitability. Serious inquiries are encouraged to explore the full potential of this exceptional commercial land offering. The property is situated at latitude 39.4365559 and longitude -123.801326.

• CAP approach

  CAP return

  Valuation

  6%

  $383,936

  6.5%

  $354,403

  7%

  $329,088

• Comparable approach

  Method

  Valuation

  Relative Method

  $440,215

  Geo Method

  $342,535

• Alternative Use

  Use

  Valuation

  Residential

  $298,952

  Hospitality

  $273,838

  Educational

  $227,830

  Medical

  $235,666

  Retail

  $354,403

Location Insight

City

Fort Bragg

County

Mendocino

State

California

Latitude

39.4366

Longitude

-123.801

CBSA code

46380

CBSA name

UKIAH, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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