404 H St Eureka, CA 95501-1022
- Investment properties
- 0.19 lot acres
Current Use by Public Records
- Community Corrections Resource Center / County Government Office
Property Details for 404 H St
- Lot size
- 0.19 lot acres
- Zone code
- CC-LW
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 001-142-004-000
- APU
- 1142004000
Description
This exceptional investment opportunity presents a fully leased, freestanding two-story office building situated on a corner lot in the heart of downtown Eureka, California. Located just one block from the Humboldt County Courthouse at 404 H Street, this 7,334 square foot building offers a prime location with high visibility. The property boasts a well-designed layout, featuring a main floor with private offices, cubicles, a reception area, restrooms, and ample storage. The second floor complements this with a break room, additional storage, and two large conference rooms, providing versatile space for a variety of needs. Currently, the entire building is 100% occupied under a lease with Humboldt County, providing a stable income stream. The lease, a modified type with credit-rated tenant, commenced August 1, 2020, and expires July 31, 2024, with two lease options available. The building includes six on-site parking spaces, supplemented by numerous municipal parking lots within a short distance. Built in 1960, this Class B building sits on an 8,276 square foot lot and is zoned for commercial use. The asking price is $1,195,000, translating to $162.94 per square foot. This stabilized investment offers a strong return with a built-in tenant and a desirable location. The lease includes annual rent bumps of 2%. This is a single-unit property with a single tenant.
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
- Eureka
- County
- Humboldt
- State
- California
- Longitude
- -124.164
- Latitude
- 40.8028
- CBSA code
- 21700
- CBSA name
- EUREKA-ARCATA-FORTUNA, CA MICROPOLITAN STATISTICAL AREA