1198 N State St - Storefront FOR SALE


Ukiah, CA 95482
$1,450,000 USD
707-570-9855
1198 N State St, Ukiah, CA for Sale
$1,450,000 USD
Storefront - FOR SALE
1/6
null | Request Cap Rate

1198 N State St
Ukiah, CA 95482


OVERVIEW

Highly visible multi-tenant retail property along busy State Street in the heart of Ukiah! This investment offering includes two buildings totaling approximately 9,980 square feet set on two contiguous parcels totaling 0.69 acres, delivering both State Street frontage and accessibility in one of the city's most trafficked areas. Currently fully occupied by three established tenants providing immediate income and long-term investment stability. 1198 N. State Street is 6,480+/- square feet demised into two spaces positioned on the corner with a monument sign, while the adjacent 1178 N. State Street is 3,500+/- square feet with 400 amp power and a partially fenced lot for additional security. Each retail space has glass lined storefronts with front showrooms and back office areas with storage. An onsite parking lot provides convenience for both tenants and customers. Strategically located directly on State Street near Highway 101's North State Street exit with proximity to nearby businesses like In N Out, Raley's, Boot Barn, Taco Bell, and many more. It's prominent corner location ensures excellent exposure, making it a valuable asset for current and future leasing potential. With consistent traffic flow, strong visibility, and a solid tenant mix, this property represents an ideal acquisition for investors seeking a stabilized asset with growth potential in a thriving commercial corridor!

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$148 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime Investment Opportunity on State Street

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

C1

APN/PARCEL ID

001-386-10-00,001-386-15-00

ASK ABOUT THIS PROPERTY

Todd SchapmireW Real EstateMore Info
707-570-9855

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Todd SchapmireW Real EstateMore Info
707-570-9855

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.