Well-located commercial center across the street from the Botanical Gardens, with ample off-street parking. Two buildings are fully rented, with multiple long-tenured tenants, and a third building is vacant and ready for buyer or new tenant. Includes one residential 2bd/1.5bth apartment. Property is comprised of the entire island between Old Coast Highway and Highway One, with ample acreage for further development. Current gross rents: $62,640. Projected gross rents at full capacity: $80,640. Current property management willing to continue with new buyer.
C1-10414
Mixed Use, Business Opportunities, Other
Mendocino
1965
1.72
Acres
Well
3,027
Sq. Ft.
Commercial,Residential
Detailed Room Information
- Laundry
- None
Interior Features
- Cooling
- None
Exterior / Lot Features
- Parking
- 0 Covered Parking Spaces.
- Zoning
- C-40K
- Fence
- None
- Additional Exterior/Lot Features
- 2-5 Units/Acre,Sprinklers None,Street Level.
Financial Considerations
0171509600
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