25
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$1,800,000
Est. payment /mo
Active
10470 Lansing ST Mendocino, CA 95460
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UPDATED:
12/05/2024 05:12 AM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID C1-10784
HOA Y/N No
Year Built 1887
Property Description
For the first time in more than 50 years, a key investment property in downtown Mendocino is available for purchase by an investor or potential owner user looking for a spot to establish a new business location. This historic property, known as Kellieowen Hall, is located on the southwest corner of Lansing and Ukiah streets at the center of the Village of Mendocino. It was built in 1887 by William H. Kelley and has served as the hub of the business district activity in the community. The five-tenant building is a touchstone for locals and tourists alike. The property offers 4,400 +-sq. ft. of rentable building area and is 100% leased and occupied. The building is anchored by two established major tenants with frontage at the corner of Lansing and Ukiah streets. 'The Study Club', with its focus on offering high-end and unique apparel, and the 'Lansing Street Gallery' with its offerings of equally unique art and handcrafted furniture, are two of the most visible businesses in Mendocino. Additional tenants include an e-bike rental (and oddity) shop, a long-time hat shop, and an established real estate brokerage company. The south side of the building includes a 2,000+- sf decking that provides a walkway to nearby properties and an outdoor area for use by customers and businesses alike. Grossing over $122,000 per year (with strong upside potential), the Kellieowen Hall offers the opportunity not only to own a piece of Mendocino history, but to secure an excellent investment as well. Businesses are not for sale.
Location
State CA
County Mendocino
Area Mtw - Mendocino Town West
Zoning MC
Interior
Heating Heat Pump
Cooling None
Fireplace No
Laundry None
Exterior
Fence Partial
Utilities Available Sewer Connected
Roof Type Composition
Present Use Commercial
Building
Lot Description Sprinklers None
Dwelling Type Retail
Water Well
Others
Tax ID 1192360700
Special Listing Condition Trust
Listed by Sarah Schoeneman • Mendo Sotheby's International Realty