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Mendocino Arcade 45094 Main St

4,166 SF 100% Leased Flex Building Mendocino, CA 95460 $4,245,173 CAD ($1,019 CAD/SF)

Investment Highlights

  • Extensive rebuild and conversion to a multi-use commercial/residential platform
  • The prime ground floor commercial space is currently separated into two units (that may be combined into one) and features an interior walkway.
  • The upstairs was converted from commercial to residential use with conditional CDP approval
  • The 4,000+- sq. ft. building is comprised of 4 suites with Main Street frontage and Albion Street private access.
  • Prominent signage on both Main and Albion Streets and connected by a pedestrian walkway.
  • Fully vacant, the new owner (investor) can take inspiration from these meticulously executed building improvements to create their vision.

Executive Summary

The Mendocino Arcade building occupies a significant place in the history of Mendocino, having served as the local drug store and soda fountain; a general store; two decades as a high-end, home furnishings store known as the Golden Goose; and most recently, the well-regarded Highlight Gallery. After undergoing an extensive rebuild and conversion to a multi-use commercial/residential platform, this iconic building reflects the resilience and fortitude that are hallmarks of the Mendocino Coast.
The 4,000+- sq. ft. building is comprised of 4 suites with Main Street frontage and Albion Street private access. The prime ground floor commercial space is currently separated into two units (that may be combined into one) and features an interior walkway. Prominent signage on both Main and Albion Streets and connected by a pedestrian walkway. Other noteworthy features include stunning hardwood floors and artisan fixtures; high ceilings; an ADA bath; and an interior sound system.
The upstairs was converted from commercial to residential use with conditional CDP approval and is accessed either by the internal staircase, or the Albion Street private entrance. The upstairs residential component features two independent suites (each with full bath), stunning hardwood floors and vaulted ceilings. Operational upgrades include utility runs for two separate kitchens, forced air heating, and CAT5 cabling.
The handsome facade is graced with a mix of clapboard and shingle siding, intricate original brackets, dentils and bay windows. The ground-level, large picture windows command the attention of passersby, beckoning them to come and stay, while the second-story vertical windows capture unobstructed views of the surrounding Headlands State Park and Mendocino Bay.
In addition to its rich historical significance, the Mendocino Arcade offers modern amenities and conveniences, making it an ideal platform for a wide range of commercial and residential uses. Fully vacant, the new owner (investor) can take inspiration from these meticulously executed building improvements to create their vision. Don’t miss your chance to be the next steward of this piece of Mendocino history.
Schedule a private tour and experience the timeless elegance and unmatched quality of an historic gem.

Property Facts

Price $4,245,173 CAD
Price Per SF $1,019 CAD
Sale Type Investment or Owner User
Property Type
Flex
  • General Retail Storefront Retail/Office
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Lot Size 0.10 AC
Rentable Building Area 4,166 SF
No. Stories 2
Year Built/Renovated 1800/2012

Utilities

  • Lighting
  • Gas - Propane
  • Water - Well
  • Sewer - City
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
119-238-21
Land Assessment
$702,596 CAD
Improvements Assessment
$574,954 CAD
Total Assessment
$1,277,550 CAD

zoning

Zoning Code MC (MC = Mendocino Commercial)
MC (MC = Mendocino Commercial)
  • Listing ID: 32164876

  • Date on Market: 2024-06-18

  • Last Updated:

  • Address: 45094 Main St, Mendocino, CA 95460

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