$1,800,000
( $409.09Per Sq Foot )
 $9,663 forsale estimated payment Sourced by Back At You

10470 Lansing Street , Mendocino, CA 95460

Mendocino, CA 95460

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Description

For the first time in more than 50 years, a key investment property in downtown Mendocino is available for purchase by an investor or potential owner user looking for a spot to establish a new business location. This historic property, known as Kellieowen Hall, is located on the southwest corner of Lansing and Ukiah streets at the center of the Village of Mendocino. It was built in 1887 by William H. Kelley and has served as the hub of the business district activity in the community. The five-tenant building is a touchstone for locals and tourists alike. The property offers 4,400 +-sq. ft. of rentable building area and is 100% leased and occupied. The building is anchored by two established major tenants with frontage at the corner of Lansing and Ukiah streets. 'The Study Club', with its focus on offering high-end and unique apparel, and the 'Lansing Street Gallery' with its offerings of equally unique art and handcrafted furniture, are two of the most visible businesses in Mendocino. Additional tenants include an e-bike rental (and oddity) shop, a long-time hat shop, and an established real estate brokerage company. The south side of the building includes a 2,000+- sf decking that provides a walkway to nearby properties and an outdoor area for use by customers and businesses alike. Grossing over $122,000 per year (with strong upside potential), the Kellieowen Hall offers the opportunity not only to own a piece of Mendocino history, but to secure an excellent investment as well. Businesses are not for sale.

Details

MlsC1-10784
Listing TypeFor Sale
StyleRetail
SubtypeResale
StatusActive
Year1887
Days On Site57
Listing Provided ByMendo Sotheby's International Realty (707) 937-5822 | Sarah Schoeneman

Features

Sq Feet4,400
Buildings1
ZoningMC
Acreage0.00

Market Activity 95460

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Learn More About This Property

StateCA
CountyMendocino
CityMendocino
Zip Code95460
AreaMTW Mendocino Town West
Listing VS Median (in 95460)
Price:
$1,800,000
low | high
Med:
$1,175,000
84.722222222222% of Average
SqFt:
4,400
low | high
Med:
2,224
99.454545454545% of Average
$ / SqFt:
$409
low | high
Med:
$535
19.279884693419% of Average
On Site:
57
low | high
Med:
48.000000
100% of Average
Sourced by Back At You
Listing Updated: November 24, 2024 at 12:26:33 AM PST