35507 S Highway 1 - Storefront Retail/Office FOR SALE


Gualala, CA 95445
$1,300,000 USD
707-489-7027
35507 S Highway 1, Gualala, CA for Sale
$1,300,000 USD
Storefront Retail/Office - FOR SALE
1/19
null | Request Cap Rate

35507 S Highway 1
Gualala, CA 95445


OVERVIEW

Where the Redwood forests meet the ocean, the iconic Anchor Bay Commercial Village is prominently located on both the East and the West sides of Highway 1. Anchor Bay East'' offering consists of 7-units with historically high occupancy. Comprised of a well-rounded mix of retail, office, and restaurants with an organic-based grocery store as its anchor tenant. Located in the heart of the Mendocino Banana Belt'', the coastal village of Anchor Bay is warmer, with less fog and wind, than its surrounding area. The well-established mix of businesses are popular with locals and tourists. Immediately north of the property, is the Anchor Bay Campground, a privately-owned campground located on the ocean and brings year-round traffic to the Village. Gross Annual Income: $121,295 (one vacant unit; rental upside). Also listed: 35500 S. Highway 1 (West side - 7 Units) and 35522 S. Highway 1 (Oceanfront Commercial Parcel)

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$122 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

C

APN/PARCEL ID

144-034-27-00

ASK ABOUT THIS PROPERTY

Greg BurkeMendo Sotheby’s International RealtyMore Info
707-489-7027

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Greg BurkeMendo Sotheby’s International RealtyMore Info
707-489-7027

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.