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    6101 Highway 1 Elk, CA 95432

    Sponsored
    For Sale
    $975,000

    Turnkey Mixed-Use Business, Highway 1

    Property size:
    1,948 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional mixed-use property at 6101 Highway 1 in Elk, California, presents a unique investment opportunity. The 1,948 square foot Elk Store, established in 1927, is a beloved community hub and thriving business attracting thousands of visitors annually. Its offerings include a curated selection of local wines and craft beers, a deli serving handmade sandwiches, grocery essentials, baked goods, artisan soaps, and ceramics. The store boasts original rustic floors and vintage coolers, creating a charming and timeless atmosphere. Its prime location directly across from a large parking area with an EV charging station and adjacent to the pathway to Greenwood State Beach provides excellent accessibility. Elk itself is experiencing significant revitalization, featuring high-end dining, luxury accommodations, and attractive shops. This turnkey operation includes all inventory, equipment, and a Type 20 liquor license. A separate dwelling behind the store offers versatile potential as employee housing, a rental property, or a live-work arrangement for the new owner. The strong reputation, loyal customer base, and consistent tourist traffic contribute to the significant intangible value of this established business. Situated on Highway 1, amidst redwood forests and vineyards along Highway 128, this property offers a rare chance to acquire a cherished community destination and a successful, established business. The property sits on a 0-acre lot. The asking price is $975,000.

    Property Features for 6101 Highway 1

    General Information

    Property type
    Mixed-use properties
    Square Feet
    1,948 SF

    Building Details

    Year Built
    1925
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Discount Store Cafe & Coffee Shop Wine and Liquor Store Hotel & Motel Department Store Nail Salon Daycare Center Gym & Fitness Hair Salon Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elk
    County
    Mendocino
    State
    California
    Longitude
    -123.7165
    Latitude
    39.12946

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    FAQs

    What type of property is this?
    Mixed-use property - Turnkey Mixed-Use Business, Highway 1
    Where is this mixed-use property located?
    The property is located at 6101 Highway 1 Elk, CA.
    What is the asking price?
    The asking price for this property is $975,000.
    (707) 937-5822
    Request Owner's contact information
    6101 Highway 1 Elk, CA 95432
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    Elk, CA 95432
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6101 Highway 1 Elk, CA 95432
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