Historic Ukiah Plaza with
367 N State Ukiah, CA 95482
For Sale
$1,574,000
Two-building retail plaza with high cap rate in Ukiah, CA.
Property Size15,000 SF
Lot Size0.28 Acres
Price / SF$104.93
Days on Market406
Property Features for 367 N State
General Information
Standard status
Active
Size
15,000 SF
Lot size
0.28 Acres
Property subtype
Commercial
Building Details
Year Built
1982
Listing Agency:
PALMA PROPERTIES, INC
5904304
Listed By:
PATRICK J REDA · License #01982497
Source:
Corcoran
Added: Jun 19, 2025
Changed: Jul 6
Last Checked: Jul 29 at 9:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PALMA PROPERTIES, INC
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- rain forest fantasy — 119 N State St, Ukiah, CA 95482
- W/E Flowers-Ukiah Flower Shop — 352 N State St, Ukiah, CA 95482
Frequently Asked Questions
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 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.
