1626 Broadway Eureka, CA 95501-0136
- Retail space
- 0.73 lot acres
Current Use by Public Records
- Retail space
Property Details for 1626 Broadway
- Lot size
- 0.73 lot acres
- Zone code
- CS
- Property type
- Retail space
- APN
- 003-171-014-000
- APU
- 3171014000
Description
This exceptional investment opportunity presents a prime Eureka, CA storefront property located at 1626 and 1628 Broadway (Highway 101). The 11,500 square foot property sits on a 0.73-acre lot and is currently 100% occupied by two strong tenants. A major liquor retailer, Bevmo!, recently renewed their lease for an additional five years, demonstrating their commitment to the location. A top-performing Humboldt County dispensary also signed a new five-year lease. Both leases are NNN (Net, Net, Net), meaning the landlord's responsibility is limited to roof maintenance. Annual rent exceeds $130,000, with built-in escalations ensuring consistent income growth. The property benefits from a highly desirable location, surrounded by established businesses such as O'Reilly Auto Parts, Eureka Natural Foods, Costco, Walgreens, and US Cellular, ensuring high foot traffic and visibility. This multi-tenant storefront offers a compelling opportunity for passive income generation in a thriving Eureka market. The asking price is $2,750,000. The property's strong tenancy, favorable lease terms, and prime location make it an attractive investment prospect.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Eureka
- County
- Humboldt
- State
- California
- Longitude
- -124.179
- Latitude
- 40.7926
- CBSA code
- 21700
- CBSA name
- EUREKA-ARCATA-FORTUNA, CA MICROPOLITAN STATISTICAL AREA
