Note: This property is part of a 3 Property Portfolio – (3 of 3) Seller will consider selling separate. This exclusive offer is a private sale and an NDA is required for the prospectus. Prospectus available to qualified buyers.
This great multi-tenant commercial property is in the heart of the southern approach corridor for downtown Fort Bragg, CA and is a prime redevelopment opportunity.
Fort Bragg is experiencing an influx of Bay Area residents seeking coastal vacation properties, or primary residences for working remotely from, with a higher standard of living for a lower cost, easy access to Wine Country and high caliber dining options, all while maintaining drivable access to the mountains.
1031 S Main Street
Fort Bragg, CA 95437
|1031 S Main [$1,350,000]||2020 Calendar Year||2020 (non-Covid) Year|
|# of Units/Spaces||6||6|
|# of Tenants||3||4|
|Gross Income 2020||$102,900||$118,200|
|Operating Expenses 2020||$18,000||$14,700||Property Tax; Insurance; Water|
|Net Operating Income 2020||$84,900||$103,500|
|1031 S Main: Unit #1 [Bldg 1]||Tenant A||Full Service||Month to Month||$4,500 PM||2,500+/- SF|
|1031 S Main: Unit #2 [Bldg 1]||Tenant A||Full Service||Month to Month||$1,500 pm ($2,200 non-Covid)||2,500+/- SF|
|1031 S Main: Unit #3 [Bldg 1]||Vacant||3,000+/- SF|
|1031 S Main: Unit #4 [Bldg 1]||Vacavnt||1,000+/- SF|
|1031 S Main: Unit #5 [Bldg 2]||Tenant B||Full Service||Month to Month||$1,062.5 pm ($1,150 non-Covid)||1,500+/- SF|
|1031 S Main: Unit #6 [Bldg 2]||Tenant B||Full Service||Month to Month||$1,062.5 pm ($1,150 non-Covid)||1,500+/- SF|
|Back Lot Storage||Tenant C||Month to Month||$450 pm|
|Parking Lot (partial usage)||Tenant D||Month to Month||$0 pm ($400+ non-Covid)||32 Parking spaces|
Building one Layout
1031 S. Main Street
Building Two Layout
1031 S. Main Street
Front of Main Retail
Back of Main Retail
Location, Location, Location...
2 APN site, zoned Highway Visitor Commercial (CH) and Retail on 2.731 +/- acres and 1.254+/- acres
Multiple tenants for existing Retail site (1.254+/- acres)
Prime Retail/Hospitality site with proximity to McDonalds and Mendocino College’s Coast Center
Strengthening local demographics and population, as well as ongoing tourism growth.
Easy access to Anderson Valley and other Local Wine Country areas.
Easy access to Mendocino, Santa Rosa and the San Francisco Bay Area
1031 & 1151 S Main, Fort Bragg, CA 95437
Airport Drive Times
Disclaimer:This Offering Memorandum contains sensitive information that is privileged & confidential. Buyer must verify accuracy of all data & Information pertaining to entire offering memorandum. If you are not the intended recipient, be aware that any disclosure, copying, distribution or use of the contents of this information is prohibited. If you have received this Offering Memorandum in error, please notify Carmen Gray immediately by email at: Carmen@CarmenGrayCRE.com. The information contained herein has been provided by the Owner or other sources deemed reliable. The Broker does not guarantee the accuracy of this information, so prospective tenants and buyers should carefully and independently verify the information contained herein.THIS INFORMATION IS PROVIDED TO YOU WITH THE UNDERSTANDING YOU WILL NOT DISTURB OR TALK TO THE OWNER, CUSTOMERS, EMPLOYEES WHILE VISITING THE BUSINESS. Seller, Broker and Agents make no representation of the Property and it is the Buyer’s responsibility to perform and pay for alldue diligence the buyer requires, including, but not limited to all; inspections, studies, and surveys.
WHO YOU WORK WITH MATTERS
My diverse background includes a history of business, corporate sales, team management and a degree in intercultural communications. This has enhanced my ability to think outside of the box and focus on maximizing the return on investments for my Real Estate Clients. I am also well known for my collaborative working style both within and between dynamic business organizations.
I obtained a BA in Speech Communications, with an emphasis in Intercultural Communications from San Francisco State University. I am a Licensed Real Estate Agent throughout the State of California.
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4167 Suisun Valley Road Fairfield, CA 94534