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Property profile & analytics
OFF-MARKET
Commercial land

76341 Covelo Rd Covelo, CA 95428

0.05 ac lot
Trust Owned 6-yr Hold Free & Clear
Property ID
US09-1827001
Property summary
AI-generated overview

This exceptional mixed-use property, located at 76341 Covelo Road in the heart of downtown Covelo, California, presents a rare investment opportunity. Situated on a 0.09-acre lot, the building boasts a unique character defined by stunning murals created by a renowned artist, adding significant aesthetic value and potential for attracting clientele. The property's mixed-use zoning allows for a variety of commercial ventures, making it ideal for entrepreneurs seeking a distinctive location to establish their business. While the square footage is not currently specified, the building's prime downtown location ensures high visibility and accessibility. This is a chance to acquire a one-of-a-kind commercial space with significant artistic appeal and considerable upside potential. The property is being offered at $85,000. Prospective buyers are strongly encouraged to conduct their own due diligence to fully assess the property's suitability for their intended use and to determine the precise square footage and other relevant details. This is a truly unique opportunity to own a piece of Covelo's vibrant downtown scene. Don't miss out on this chance to own a piece of art and a thriving business location.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.05 ac (1,981 SF)
Zoning code C
APN 033-270-16-00
UPID US09-1827001
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Spouses,poli S Trust · 6 yrs held
Spouses,poli S Trust
since 2020
Last sale
$135,000
4 recorded transactions
2020
Price N/A
2020
$135,000
2016
Price N/A
2010
Price N/A
Zoning & alternative use
C · Covelo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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