744 9Th StArcata, CA 95521

Property Details for 744 9Th St

Lot size

0.11 AC

Zone code

CC

Property type

Retail space

APN

021-106-014-000

APU

21106014000

Description

This exceptional investment opportunity presents two buildings totaling 4,251 square feet on the vibrant Arcata Plaza, California. Built in 1908 with renovations completed in 2015, this mixed-use property boasts a prime location near Cal Poly Humboldt, ensuring year-round customer traffic. The property includes two separate addresses, 744 and 754 9th Street, each with its own potential for individual businesses or a unified operation. The 0.11-acre lot is zoned for commercial use, offering flexibility for various hospitality ventures. The asking price is $1,295,000, translating to $304.63 per square foot. The sale includes two buildings, spanning two stories, and situated on a highly desirable location within the Arcata Plaza, a hub for community events and farmers markets. Note that the liquor license, furniture, fixtures, and equipment are available for separate purchase. This is a rare chance to acquire a piece of Arcata history with significant upside potential. The property's two APNs are 021-106-006/007.

• CAP approach

  CAP return

  Valuation

  6%

  $1,387,739

  6.5%

  $1,280,990

  7%

  $1,189,491

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,093,547

  Geo Method

  $3,093,547

• Alternative Use

  Use

  Valuation

  Residential

  $1,080,563

  Hospitality

  $989,790

  Educational

  $823,494

  Medical

  $851,815

  Retail

  $1,280,990

Location Insight

City

Arcata

County

Humboldt

State

California

Latitude

40.8692

Longitude

-124.086

CBSA code

21700

CBSA name

EUREKA-ARCATA-FORTUNA, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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