45094 Main St Mendocino, CA 95460
For Sale
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This exceptional mixed-use property, located at 45094 Main Street in the heart of Mendocino, California, presents a unique investment opportunity. The building, historically significant as a local drug store, soda fountain, and high-end home furnishings store, has undergone a complete rebuild and conversion into a multi-use commercial/residential complex. The property boasts four distinct suites, each with Main Street frontage and private access from Albion Street. The ground floor commercial space, currently divided into two units, features an internal walkway connecting the two, allowing for flexible configurations. Prominent signage is visible from both Main and Albion Streets, enhanced by a pedestrian walkway linking the two streets, ensuring high visibility for businesses. The upper level, previously commercial, has been converted to residential use with conditional CDP approval. This residential space comprises two independent suites, each with a full bathroom, showcasing stunning hardwood floors and vaulted ceilings. Modern upgrades include utility runs for two separate kitchens, a forced-air heating system, and CAT5 cabling throughout. Currently fully vacant, this property offers a blank canvas for a new owner to realize their vision, capitalizing on the meticulously executed building improvements and prime Mendocino location. The property sits on a 0.1-acre lot. The asking price is $2,995,000.
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.