120 Franklin StFort Bragg, CA 95437

Property Details for 120 Franklin St

Lot size

0.17 AC

Property type

Retail properties

Property subtype

Banks

APN

008-164-35-00

APU

81643500

Description

This exceptional mixed-use property in Fort Bragg, CA, presents a unique investment opportunity. The 5,000 square foot building, situated on a 0.17-acre lot at 120 North Franklin St (APN 0081643500), boasts a prime location within the Central Business District (CBD), benefiting from high foot traffic and tourism. Renovated in 2018, this two-story structure combines premium commercial storefront and executive office space on the ground floor with luxurious residential space upstairs – ideal for owner-occupancy or a live/work arrangement. The property features central propane heating, individual laundry facilities, and three uncovered parking spaces. Utilities include electricity, water, sewer, cable, and propane. The lot is landscaped, level, and features sprinklers. Zoned for CBD use, this property offers a blend of commercial and residential potential, catering to the vibrant local economy and the area's thriving tourism sector. The building's artistic design provides a solid foundation for a discerning buyer to further enhance and personalize. This is a chance to acquire a versatile property in a desirable coastal location, offering both immediate income potential and long-term growth prospects. The property's proximity to shops, restaurants, galleries, a movie complex, banks, the post office, and the coastal trail adds to its appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $2,927,112

  6.5%

  $2,701,949

  7%

  $2,508,953

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,356,178

  Geo Method

  $2,611,469

• Alternative Use

  Use

  Valuation

  Residential

  $2,279,195

  Hospitality

  $2,087,730

  Educational

  $1,736,967

  Medical

  $1,796,704

  Retail

  $2,701,949

Location Insight

City

Fort Bragg

County

Mendocino

State

California

Latitude

39.4421

Longitude

-123.804

CBSA code

46380

CBSA name

UKIAH, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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