924 5th St Eureka, CA 95501-1109
- Office Properties & Spaces
- 1,770 SF
- 0.07 lot acres
Apr 05, 2022
Current Use by Public Records
- CBT Dungeon Express / Restaurant
- Belinda's Bail Bonds / Bail Bonds Service / Notary Public
Property Details for 924 5th St
- Year built
- 1970
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.07 lot acres
- Property size
- 1,770 SF
- Zone code
- OR-AR
- Property type
- Office Properties & Spaces
- APN
- 001-193-002-000
- APU
- 1193002000
Description
This 1,770 square foot, single-story office building is ideally situated in Eureka, California, directly across from the Humboldt County Courthouse and one block from City Hall. Located at 924 5th Street, between J and K Streets, this property boasts exceptional visibility and accessibility. Previously used as a bail bonds office, it's well-suited for various professional uses, including legal services, given its proximity to the courts and governmental agencies. Plans for a cannabis retail dispensary are also in place. The building features a functional layout including a reception area, multiple offices, a conference room, and a break room with a sink. On-site parking accommodates approximately five vehicles (buyer to verify), supplemented by ample street parking. The sale includes two parcels totaling 6,784 square feet (APN: 001-193-002 and 003). The property is currently vacant and ready for immediate occupancy. Built in 1970, the building is zoned for commercial use. The asking price is $400,000, representing a price per square foot of $225.99. Further information regarding a parking easement for an adjacent parcel is available upon request. This owner-user opportunity presents a compelling investment in a high-demand location.
Value Estimations
-
AI approach
- Estimation
- $385,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $370,000
- 6.5%
- $395,000
- 7%
- $345,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $415,000
- Geo Method
- $420,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $350,000
- Retail
- $410,000
- Mixed-Use
- $425,000
- Hospitality
- $390,000
- Educational
- $360,000
- Residential Income
- $390,000
- Energy
- $350,000
- Income-Based Land
- $360,000
- Food Service
- $410,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Eureka
- County
- Humboldt
- State
- California
- Longitude
- -124.161
- Latitude
- 40.8024
- CBSA code
- 21700
- CBSA name
- EUREKA-ARCATA-FORTUNA, CA MICROPOLITAN STATISTICAL AREA