924 5Th StEureka, CA 95501

Property Details for 924 5Th St

Year built

1970

Construction

TILT-UP CONCRETE

Lot size

0.07 AC

Property size (Sq ft)

1,770 SF

Zone code

OR-AR

Property type

Office properties

Property subtype

Other office properties

APN

001-193-002-000

APU

1193002000

Description

This 1,770 square foot, single-story office building is ideally situated in Eureka, California, directly across from the Humboldt County Courthouse and one block from City Hall. Located at 924 5th Street, between J and K Streets, this property boasts exceptional visibility and accessibility. Previously used as a bail bonds office, it's well-suited for various professional uses, including legal services, given its proximity to the courts and governmental agencies. Plans for a cannabis retail dispensary are also in place. The building features a functional layout including a reception area, multiple offices, a conference room, and a break room with a sink. On-site parking accommodates approximately five vehicles (buyer to verify), supplemented by ample street parking. The sale includes two parcels totaling 6,784 square feet (APN: 001-193-002 and 003). The property is currently vacant and ready for immediate occupancy. Built in 1970, the building is zoned for commercial use. The asking price is $400,000, representing a price per square foot of $225.99. Further information regarding a parking easement for an adjacent parcel is available upon request. This owner-user opportunity presents a compelling investment in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $318,993

  6.5%

  $294,455

  7%

  $273,423

• Comparable approach

  Method

  Valuation

  Relative Method

  $252,721

  Geo Method

  $252,721

• Alternative Use

  Use

  Valuation

  Residential

  $365,124

  Hospitality

  $334,452

  Educational

  $278,260

  Medical

  $287,830

  Retail

  $432,849

Location Insight

City

Eureka

County

Humboldt

State

California

Latitude

40.8024

Longitude

-124.161

CBSA code

21700

CBSA name

EUREKA-ARCATA-FORTUNA, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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