41 W Mendocino Ave Willits, CA 95490
For Sale
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This exceptional investment opportunity presents a fully leased, free-standing retail/office building situated in the heart of downtown Willits, California. Located just one block from Main Street, on Mendocino Avenue, the property boasts approximately 2,400 square feet of space spread across multiple units, all currently under lease. The building features an attractive covered porch with both ramp and stair access, ensuring accessibility for all. Ample on-site parking is available in the rear lot for tenants and customers. The interior of the building is bright and inviting, thanks to numerous windows that allow abundant natural light to flood each space. Many units showcase attractive wood trim and open layouts, offering flexibility for a variety of uses. 45 W. Mendocino Avenue, currently leased to a beauty salon, features laminate hardwood floors. Units 55 and 65 W. Mendocino Avenue are connected and leased to a professional service. Unit 55 includes dedicated office space, a kitchenette, and a restroom, while Unit 65 is a large, open area currently used as a meeting room, but easily adaptable for additional office or retail use. The property sits on a 0.15-acre lot and is priced at $319,900. This prime downtown location and the diverse, flexible spaces make this a compelling investment opportunity with strong potential for future growth and return. The current leases provide immediate income generation, making this a low-risk, high-reward venture.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.