218 D StEureka, CA 95501

Property Details for 218 D St

Year built

1915

Lot size

0.20 AC

Property size (Sq ft)

7,224 SF

Zone code

CW

Property type

Retail space

APN

001-061-002-000

APU

1061002000

Description

This exceptional opportunity presents the chance to acquire Roy's Club, a well-established and meticulously maintained business located in Old Town Eureka, California. This 9,840 square foot, two-story building, constructed in 1915, sits on a corner lot and boasts ample parking (4 spaces). The property, zoned commercial CR/F, features a fully stocked restaurant and bar, a separate banquet room with its own kitchen, a retail store area, and a sizable manufacturing/storage room (formerly a deli). Upstairs, a three-bedroom apartment offers significant potential as a vacation rental, with comparable units commanding $300 per night. The property includes two commercial kitchens, a wine room, and an oversized pasta preparation area. The building's rich history, dating back to 1919, as a cigar shop, speakeasy, tavern, and restaurant, provides a strong foundation for continued success. The asking price is $2,400,000 ($243.90 per square foot). The property's multiple revenue streams, prime location, and substantial square footage present a unique investment opportunity in the heart of Old Town Eureka. The seller may consider carrying a portion of the financing. APN: 001-061-002-000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,913,829

  6.5%

  $1,766,612

  7%

  $1,640,425

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,599,236

  Geo Method

  $2,599,236

• Alternative Use

  Use

  Valuation

  Residential

  $1,490,203

  Hospitality

  $1,365,018

  Educational

  $1,135,679

  Medical

  $1,174,737

  Retail

  $1,766,612

Location Insight

City

Eureka

County

Humboldt

State

California

Latitude

40.8039

Longitude

-124.169

CBSA code

21700

CBSA name

EUREKA-ARCATA-FORTUNA, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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