32260 Harbor DrFort Bragg, CA 95437

Property Details for 32260 Harbor Dr

Lot size

0.71 AC

Zone code

FV

Property type

Retail properties

Property subtype

Turn key restaurants

APN

018-130-49-00

APU

181304900

Description

This exceptional mixed-use property, located at 32260 N Harbor Dr, Fort Bragg, CA 95437, presents a unique investment opportunity. Priced at $3,100,000, this established business includes "The Wharf" restaurant and lounge, and the "Anchor Lodge," a two-story building with twelve motel units. The Wharf building also features five riverfront motel units and a penthouse apartment, previously used as an owner's residence and conference room. All buildings are situated on three separate parcels, each boasting desirable river frontage and dock access. The property benefits from Fort Bragg city water and sewer services, and enjoys a prime location in the heart of Noyo Harbor's commercial and fishing district. "The Wharf" has served as a popular destination for locals and tourists for many years. This turnkey operation offers immediate income potential and significant upside for a new owner. The property's strategic location, combined with its diverse revenue streams and established reputation, makes it an attractive investment in the thriving Mendocino County market. The three separate parcels provide flexibility for future development or expansion. This is a rare chance to acquire a well-established, profitable business with significant waterfront property in a highly desirable coastal location.

• CAP approach

  CAP return

  Valuation

  6%

  $12,509,792

  6.5%

  $11,547,500

  7%

  $10,722,679

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,343,520

  Geo Method

  $11,160,810

• Alternative Use

  Use

  Valuation

  Residential

  $9,740,749

  Hospitality

  $8,922,473

  Educational

  $7,423,393

  Medical

  $7,678,695

  Retail

  $11,547,500

Location Insight

City

Fort Bragg

County

Mendocino

State

California

Latitude

39.4266

Longitude

-123.804

CBSA code

46380

CBSA name

UKIAH, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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