18781 Ca-1 Fort Bragg, CA 95437
- Mixed-use properties
- 2.70 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 18781 Ca-1
- Year built
- 1963
- Lot size
- 2.70 lot acres
- Property type
- Mixed-use properties
- Property subtype
- Automotive properties
Description
This exceptional mixed-use property, situated on 2.7 acres at 18781 CA-1 in Fort Bragg, California (95437), presents a unique investment opportunity. Built in 1963, the single-story building features a three-bay shop ideally suited for automotive sales or a similar business, complete with separate offices. The property also includes four existing residential units: three two-bedroom units and one one-bedroom unit, plus a studio apartment, offering significant rental income potential. There's even the possibility of developing an additional residential unit. The property boasts excellent visibility from Highway 1, extensive paved areas, and ample undeveloped land for future expansion. The shop is currently available for lease at $3,500 per month, while the residential units generate rental income of $1,600 per month (each two-bedroom unit) and $1,200 per month (one-bedroom and studio units). The property is serviced by a well and septic system and is located within Mendocino County, under Commercial zoning (APN: 01819041000). Much of the existing equipment used in the auto sales business is also available for purchase. This property offers a compelling blend of commercial and residential income streams, making it an attractive investment opportunity with significant upside potential. Asking price is $1,200,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Bragg
- County
- Mendocino
- State
- California
- Longitude
- -123.808
- Latitude
- 39.416
