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!
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Retail Space
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