Opportunity Knocks in Fort Bragg! - Availability Details

Prime Location on S.​ Main Street! Currently known as a popular retail outlet center, this property has a lot of upside rental possibilities.​ There are two structures on this property at approximately 12,000 SF total.​ Building 1 is approximately 3,000 SF and Building 2 is approximately 9,000 SF.​ A total of 5 Roll Up Doors and 1 Loading Dock.​ Current Cap Rate is 5.24% (rent roll located in the due diligence folder with more detail) Additional income capabilities to be explained after the CA is signed.​ Note: There is an adjacent plot of land for sale (approximately 2.73 acres) available if buyer is interested in a larger total footprint.​ According to Fort Bragg's Commercial and Industrial Land Use Designations, both properties are located in the Highway Visitor Commercial Zone (CH) .​ This land use designation applies to land uses serving residents and visitors on sites which are located along Highway One and arterials at the entry points to the community.​ Typical uses allowed in this designation include motels and other lodging enterprises, restaurants, and retail outlets.​ Residential uses are permitted above the ground floor or on the ground floor at the rear of buildings at a maximum density of up to 24 units per acre with a conditional use permit.​ Wow! What a location! Contact us to learn more about this unique opportunity!