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38500 S Highway 1, Gualala, CA 95445

Commercial property

38500 S Highway 1, Gualala, CA 95445 Sold May 2024 CRMLS
$580,000Sold May 2024

Listing Agent: Chris Steele (DRE #01494936) · Listing Office: RE/MAX Gold · Contact: 408-993-8543 · Bought with: Jami Sundstrom · RE/MAX Gold · MLS #41018018 · Source: CRMLS

6.30%
Cap Rate
$50,000
NOI
12,632 sqft
Lot Size
1965
Year Built
GHMU
Zoning
Commercial property
Type

About this commercial property

Welcome to 38500 S Highway 1! This is a rare 3,672 square foot commercial building on a 12,433 square foot lot. Property features large workshop, multiple private offices, large work areas and living area. Originally built as medical office building and then converted to general office use with industrial workshop. Served by municipal water, sewer and heavy power on-site. Flexible zoning allows for mixed use, commercial and residential. Ideally suited for owner-user or redevelopment opportunity. Subject Property: Reference Mendocino County APN 145-165-02-0 ** Neighboring vacant corner land parcel APN 145-165-02-0 available for sale separately ** Prime location with neighboring commercial and residential community. Gualala is an unincorporated community in Mendocino County, California. Located north of the affluent community The Sea Ranch and south of Point Arena on the North Coast at the mouth of the Gualala River on State Route 1. Commercial center for surrounding area. Once a logging town, now tourism is its central economic activity. Airport Flight Distances and Drive Time: 8 miles/13 minutes from Sea Ranch Airstrip, 44 miles/1 hr 40 min from Sonoma County Airport, and 101 miles/ 2 hr 54 minutes from San Francisco International Airport.

Listing description from the May 2024 sale, as reported to CRMLS.

Sale history

$580,000
Sold May 2024 · listed $749,000, orig. $850,000, on market January 2023 · MLS #41018018 · Source: CRMLS
Listing Agent: Chris Steele · Listing Office: RE/MAX Gold · Contact: 408-993-8543 · Bought with: Jami Sundstrom · RE/MAX Gold
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