Opportunity Knocks in Fort Bragg!

1031 South Main Street Fort Bragg, CA 95437

1031 South Main Street, Fort Bragg, CA, 95437
1031 South Main Street, Fort Bragg, CA, 95437
FOR SALE
Property Type:
Street Retail
Amount:
$1,350,000
Last Verified:
Jan 22, 2021

Highlights

  • Main Street Location
  • ​High Visibility
  • ​Upside rental opportunities
  • ​2 Structures at approximately 12,000 SF total (9,000 SF / 3,000 SF)
  • ​ A total of 5 Roll Up Doors and 1 Loading Dock.
  • ​5 electric meters
  • ​7 bathrooms
  • ​kitchen
  • ​6 units including an owner's apartment on second floor
  • ​Redevelopment Potential
  • ​Multi-Tenant
  • ​Adjacent undeveloped plot of land (approximately 2.73 acres) available for sale

Description

Prime Location on S.​ Main Street! Currently known as a popular retail outlet center, this property has a lot of upside rental possibilities.​ There are two structures on this property at approximately 12,000 SF total.​ Building 1 is approximately 3,000 SF and Building 2 is approximately 9,000 SF.​ A total of 5 Roll Up Doors and 1 Loading Dock.​


Current Cap Rate is 5.24% (rent roll located in the due diligence folder with more detail) Additional income capabilities to be explained after the CA is signed.​



Note: There is an adjacent plot of land for sale (approximately 2.73 acres) available if buyer is interested in a larger total footprint.​ According to Fort Bragg's Commercial and Industrial Land Use Designations, both properties are located in the Highway Visitor Commercial Zone (CH) .​ This land use designation applies to land uses serving residents and visitors on sites which are located along Highway One and arterials at the entry points to the community.​ Typical uses allowed in this designation include motels and other lodging enterprises, restaurants, and retail outlets.​ Residential uses are permitted above the ground floor or on the ground floor at the rear of buildings at a maximum density of up to 24 units per acre with a conditional use permit.​

Wow! What a location! Contact us to learn more about this unique opportunity!

Prime Location on S.​ Main Street! Currently known as a popular retail outlet center, this property has a lot of upside rental possibilities.​ There are two structures on this property at approximately 12,000 SF total.​ Building 1 is approximately 3,000 SF and Building 2 is approximately 9,000 SF.​ A total of 5 Roll Up Doors and 1 Loading Dock.​


Current Cap Rate is 5.24% (rent roll located in the due diligence folder with more detail) Additional income capabilities to be explained after the CA is signed.​



Note: There is an adjacent plot of land for sale (approximately 2.73 acres) available if buyer is interested in a larger total footprint.​ According to Fort Bragg's Commercial and Industrial Land Use Designations, both properties are located in the Highway Visitor Commercial Zone (CH) .​ This land use designation applies to land uses serving residents and visitors on sites which are located along Highway One and arterials at the entry points to the community.​ Typical uses allowed in this designation include motels and other lodging enterprises, restaurants, and retail outlets.​ Residential uses are permitted above the ground floor or on the ground floor at the rear of buildings at a maximum density of up to 24 units per acre with a conditional use permit.​


Wow! What a location! Contact us to learn more about this unique opportunity!


Year Built: 1963
Building Size: 12000sq ft
Lot Size: 1.25 acres

Map of 1031 South Main Street, Fort Bragg, CA, 95437

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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