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Property summary
This exceptional mixed-use property, situated at 45040 Main Street in the charming town of Mendocino, California, presents a unique investment opportunity. The 7,378 square foot property comprises multiple buildings housing five established tenants, generating consistent rental income. A key asset is the highly regarded Flow restaurant, a long-standing establishment boasting a full bar and breathtaking panoramic Pacific Ocean views. Its prime location on Main Street places it adjacent to the Kelley House Museum, adding to its desirability and visibility. Adding to the property's charm is a picturesque pathway leading from Albion Street, creating a unique and inviting entrance. The property is well-maintained and professionally managed, ensuring efficient operation. Practical infrastructure includes a reliable well with a water storage tank, and connection to the public sewer system. This turnkey investment offers a blend of established income and significant potential for future growth in a highly sought-after Mendocino location. The property's multiple buildings and diverse tenant mix provide stability and diversification, making it an attractive proposition for discerning investors seeking a profitable and aesthetically pleasing commercial venture in a picturesque coastal setting. The existing tenants provide a strong foundation for continued success.
Property profile
VerifiedCap rate & NOI
Current use
-
Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Mendocino market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C · Mendocino, CAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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