205 Clay St Ukiah, CA 95482-5452
- Office Properties & Spaces
- 0.10 lot acres
Current Use by Public Records
- Law Offices of Michael J. Shambrook / Criminal Justice Attorney
- Sai Shakti Healing with Sarah Garney / Alternative Medicine Practitioner / Wellness Center
- Mountain Valley Midwifery / Midwife
- Sequoia Senior Solutions / Home Health Care Service
- Paul Otto / Psychologist
Property Details for 205 Clay St
- Lot size
- 0.10 lot acres
- Property type
- Office Properties & Spaces
- APN
- 002-263-08-00
- APU
- 22630800
Description
This exceptional 1,420-square-foot commercial building at 205 West Clay Street in Ukiah, California, presents a compelling investment opportunity. Situated on a 0.09-acre lot in the heart of downtown, this property enjoys unparalleled visibility and accessibility. Its strategic location directly across from newly installed Tesla charging stations ensures consistent foot traffic and enhanced tenant appeal. The building, constructed in 1922, currently operates as a fully leased five-office space, providing immediate cash flow for investors. Its proximity to School Street, the farmers market, local shops, and restaurants further enhances its desirability. The General Urban (GU) zoning designation offers remarkable flexibility for future development. This allows for a variety of uses, including continued operation as professional office space, the creation of mixed-use projects, or even the development of residential units. A significant advantage is the potential to expand the building vertically to a three-story structure, presenting substantial opportunities for future value appreciation. This property's combination of prime location, existing income stream, and flexible zoning makes it a truly unique and highly sought-after asset in the Ukiah commercial real estate market. The asking price is $425,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $320,000
- 6.5%
- $315,000
- 7%
- $325,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $285,000
- Geo Method
- $280,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $320,000
- Retail
- $345,000
- Mixed-Use
- $355,000
- Hospitality
- $330,000
- Educational
- $290,000
- Residential Income
- $270,000
- Energy
- $315,000
- Income-Based Land
- $290,000
- Food Service
- $270,000
Location Insight
- Map
- Local Demand
- City
- Ukiah
- County
- Mendocino
- State
- California
- Longitude
- -123.209
- Latitude
- 39.1477
- CBSA code
- 46380
- CBSA name
- UKIAH, CA MICROPOLITAN STATISTICAL AREA
