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Property profile

61 3Rd St Eureka, CA 95501

OFF-MARKET
Warehouses
2,580 SF
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Property summary

AI-generated overview

This exceptional 2,580 square foot warehouse, located at 61 W 3rd St and 55 W 3rd St in Eureka, California (zip code 95501), presents a unique investment opportunity. Situated on a 0.1-acre lot in Humboldt County, this single-tenant property offers significant potential for a variety of commercial ventures. Previously used as a state-of-the-art cannabis lab, the property boasts extensive freezer and refrigeration capabilities, making it exceptionally well-suited for food distribution, storage, or similar businesses. The property has undergone a full upgrade and remodel, simplifying a potential license renewal for cannabis operations. Its location within Eureka's Cannabis Innovation Zone provides unparalleled access to resources and a thriving industry. The ease of license renewal for cannabis-related businesses makes this a particularly attractive option for those in that sector. Neighboring warehouse spaces offer the potential for expansion or collaboration, providing additional flexibility to meet evolving business needs. This is a rare opportunity to acquire a fully upgraded, versatile commercial space in a prime Eureka location. The property is classified as Industrial and Land, with a Commercial subtype.

Property profile

Verified
Property type Warehouses
Total area 2,580 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

61 3Rd St Eureka, CA 95501
Eureka metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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