367 N State St Ukiah, CA 95482
Two-building retail plaza with high cap rate in Ukiah, CA.
Property size:
15,000 SFLot size:
0.28 AcresProperty Features for 367 N State St
General Information
- Standard status
- Active
- Size
- 15,000 SF
- Lot size
- 0.28 Acres
Building Details
- Year built
- 1982
Source:
Corcoran
Listing Agent: Patrick Reda
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Historic Ukiah Plaza with Income
The historic Victory Theater Plaza in Ukiah, California, presents a commercial real estate opportunity with a 9% cap rate. This asset comprises 16 suites spread across two buildings, accompanied by a parking lot with 28 spaces, situated on 0.7 acres. The property includes 367 N State St, originally constructed in 1913 and subsequently renovated and structurally retrofitted into a series of suites, and 387 N State St, built in the 1990s. The property consists of three separate parcels, each zoned C1. Located on State Street, which has recently undergone improvements, the plaza is positioned in an area of growth within Ukiah. Several open suites are available to increase the existing return.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Scott Persons: Allstate ...
Insurance Agency
Studio 707
Website Designer
Tatouaz Studio
Permanent Make-Up Clinic
Mudra Massage and Healing ...
Massage Spa
Earth Angel Esthetics
Wellness Center
Location Insight
- Map
- Local Demand
- City
- Ukiah
- County
- Mendocino
- State
- California
- Longitude
- -123.2075585
- Latitude
- 39.1517111
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FAQs
What type of property is this?
Storefront property - Two-building retail plaza with high cap rate in Ukiah, CA.
Where is this storefront property located?
The property is located at 367 N State St Ukiah, CA.
What is the asking price?
The asking price for this property is $1,574,000.
What are key features of this property?
This property features: - 9% Cap Rate: High-income potential.; - Historic Victory Theater Plaza: Trophy asset with renovated historic and newer buildings.; - 16 Suites & 28 Parking Spaces: Diverse tenant base and ample on-site parking.