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Property profile & analytics
OFF-MARKET
Turn key restaurants

45070 Main St Mendocino, CA 95460

0.16 ac lot
Individually Owned 13-yr Hold ~ Est. High Equity
Property ID
US09-2784777
Property summary
AI-generated overview

This exceptional Mendocino property presents a rare opportunity to acquire a piece of local history. The offering encompasses the entirety of the land extending from Main Street to Albion Street, including the renowned Dick's Place, established in 1934. This iconic bar, a beloved gathering spot for locals and tourists alike, boasts a rich history reflected in its charming dГ©cor and ambiance. The property also includes a popular retail space, formerly a cafГ©, and a newly renovated two-story home situated on Albion Street. This cozy residence features one bedroom, one bathroom, and stunning bay and ocean views, complete with modern finishes and amenities. The sale includes the historic business, its liquor license, and all fixtures. The property's prime Main Street location offers unparalleled visibility and accessibility, ensuring continued success for the business. The combination of a thriving commercial enterprise and a comfortable residential space makes this a truly unique investment opportunity. The property's rich history, combined with its modern updates, creates a compelling blend of old-world charm and contemporary convenience. This is a chance to own and operate a business steeped in Mendocino's heritage while enjoying the comforts of a beautiful home with breathtaking views. The 3,235 square foot property offers a unique blend of commercial and residential space, promising a rewarding investment.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Lot 0.16 ac (6,848 SF)
Zoning code C
APN 119-238-19-00
UPID US09-2784777
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dick's Place Bar & Pub Nightclub
  • ATM Machine at Dick's Place Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Michael Lenihan · 13 yrs held
Michael Lenihan
since 2013
6 recorded transactions
2013
$1.3M
2007
Price N/A
2006
Price N/A
2001
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C · Mendocino, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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