1626 BroadwayEureka, CA 95501

Property Details for 1626 Broadway

Lot size

0.73 AC

Zone code

CS

Property type

Retail space

APN

003-171-014-000

APU

3171014000

Description

This exceptional investment opportunity presents a prime Eureka, CA storefront property located at 1626 and 1628 Broadway (Highway 101). The 11,500 square foot property sits on a 0.73-acre lot and is currently 100% occupied by two strong tenants. A major liquor retailer, Bevmo!, recently renewed their lease for an additional five years, demonstrating their commitment to the location. A top-performing Humboldt County dispensary also signed a new five-year lease. Both leases are NNN (Net, Net, Net), meaning the landlord's responsibility is limited to roof maintenance. Annual rent exceeds $130,000, with built-in escalations ensuring consistent income growth. The property benefits from a highly desirable location, surrounded by established businesses such as O'Reilly Auto Parts, Eureka Natural Foods, Costco, Walgreens, and US Cellular, ensuring high foot traffic and visibility. This multi-tenant storefront offers a compelling opportunity for passive income generation in a thriving Eureka market. The asking price is $2,750,000. The property's strong tenancy, favorable lease terms, and prime location make it an attractive investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $8,424,133

  6.5%

  $7,776,123

  7%

  $7,220,686

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,441,098

  Geo Method

  $11,441,098

• Alternative Use

  Use

  Valuation

  Residential

  $6,559,451

  Hospitality

  $6,008,422

  Educational

  $4,998,936

  Medical

  $5,170,858

  Retail

  $7,776,123

Location Insight

City

Eureka

County

Humboldt

State

California

Latitude

40.7926

Longitude

-124.179

CBSA code

21700

CBSA name

EUREKA-ARCATA-FORTUNA, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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