45094 Main St - Flex FOR SALE


Mendocino, CA 95460
$2,995,000 USD
707-489-7027
45094 Main St, Mendocino, CA for Sale
$2,995,000 USD
Flex - FOR SALE
1/48
null | Request Cap Rate

45094 Main St
Mendocino, CA 95460


HIGHLIGHTS

  • Extensive rebuild and conversion to a multi-use commercial/residential platform
  • The 4,000+- sq. ft. building is comprised of 4 suites with Main Street frontage and Albion Street private access.
  • The prime ground floor commercial space is currently separated into two units (that may be combined into one) and features an interior walkway.
  • Prominent signage on both Main and Albion Streets and connected by a pedestrian walkway.
  • The upstairs was converted from commercial to residential use with conditional CDP approval
  • Fully vacant, the new owner (investor) can take inspiration from these meticulously executed building improvements to create their vision.

OVERVIEW

The Mendocino Arcade building occupies a significant place in the history of Mendocino, having served as the local drug store and soda fountain; a general store; two decades as a high-end, home furnishings store known as the Golden Goose; and most recently, the well-regarded Highlight Gallery. After undergoing an extensive rebuild and conversion to a multi-use commercial/residential platform, this iconic building reflects the resilience and fortitude that are hallmarks of the Mendocino Coast. The 4,000+- sq. ft. building is comprised of 4 suites with Main Street frontage and Albion Street private access. The prime ground floor commercial space is currently separated into two units (that may be combined into one) and features an interior walkway. Prominent signage on both Main and Albion Streets and connected by a pedestrian walkway. Other noteworthy features include stunning hardwood floors and artisan fixtures; high ceilings; an ADA bath; and an interior sound system. The upstairs was converted from commercial to residential use with conditional CDP approval and is accessed either by the internal staircase, or the Albion Street private entrance. The upstairs residential component features two independent suites (each with full bath), stunning hardwood floors and vaulted ceilings. Operational upgrades include utility runs for two separate kitchens, forced air heating, and CAT5 cabling. The handsome facade is graced with a mix of clapboard and shingle siding, intricate original brackets, dentils and bay windows. The ground-level, large picture windows command the attention of passersby, beckoning them to come and stay, while the second-story vertical windows capture unobstructed views of the surrounding Headlands State Park and Mendocino Bay. In addition to its rich historical significance, the Mendocino Arcade offers modern amenities and conveniences, making it an ideal platform for a wide range of commercial and residential uses. Fully vacant, the new owner (investor) can take inspiration from these meticulously executed building improvements to create their vision. Don’t miss your chance to be the next steward of this piece of Mendocino history. Schedule a private tour and experience the timeless elegance and unmatched quality of an historic gem.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$719 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Mendocino Arcade

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1800

UTILITIES

Lighting, Gas - Propane, Water - Well, Sewer - City, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1

LAND SF

4,356

ZONING

MC

APN/PARCEL ID

119-238-21

ASK ABOUT THIS PROPERTY

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

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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.