45040 Main StMendocino, CA 95460

Property Details for 45040 Main St

Lot size

0.21 AC

Zone code

C

Property type

Retail properties

Property subtype

Turn key restaurants

APN

119-238-10-00

APU

1192381000

Description

This exceptional mixed-use property, situated at 45040 Main Street in the charming town of Mendocino, California, presents a unique investment opportunity. The 7,378 square foot property comprises multiple buildings housing five established tenants, generating consistent rental income. A key asset is the highly regarded Flow restaurant, a long-standing establishment boasting a full bar and breathtaking panoramic Pacific Ocean views. Its prime location on Main Street places it adjacent to the Kelley House Museum, adding to its desirability and visibility. Adding to the property's charm is a picturesque pathway leading from Albion Street, creating a unique and inviting entrance. The property is well-maintained and professionally managed, ensuring efficient operation. Practical infrastructure includes a reliable well with a water storage tank, and connection to the public sewer system. This turnkey investment offers a blend of established income and significant potential for future growth in a highly sought-after Mendocino location. The property's multiple buildings and diverse tenant mix provide stability and diversification, making it an attractive proposition for discerning investors seeking a profitable and aesthetically pleasing commercial venture in a picturesque coastal setting. The existing tenants provide a strong foundation for continued success.

• CAP approach

  CAP return

  Valuation

  6%

  $3,716,762

  6.5%

  $3,430,857

  7%

  $3,185,796

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,261,578

  Geo Method

  $3,315,968

• Alternative Use

  Use

  Valuation

  Residential

  $2,894,056

  Hospitality

  $2,650,940

  Educational

  $2,205,551

  Medical

  $2,281,404

  Retail

  $3,430,857

Location Insight

City

Mendocino

County

Mendocino

State

California

Latitude

39.3052

Longitude

-123.8

CBSA code

46380

CBSA name

UKIAH, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].