39 5th St, Eureka, CA

Others for Sale - $850,000 - 6,920 Sq. Ft. on 0.11 acres


Agent Info

Scott Pesch
Coldwell Banker Commercial Pacific Partners Real Estate

Property Info

CIMLS#1086561
Location
  39 5th St
  Eureka CA 95501
UpdatedMarch 17th, 2021
TypeOthers
Price$850,000
Building6,920 Sq. Ft.
Land0.11 acres

Contact


Property Description

Well diversified investment asset that could be sold to a business owner - user who may need office space near downtown Eureka. The property is also located within cannabis zone. There are two office units on the ground floor (1,720 sf + 1,475 sf), a separate 625 sf office that was originally a residence and can be easily converted back which is above the two-car garage and three (3) large 1-bedroom apartments upstairs. Current gross rental income with proforma rent is $6,775 per month with appx. $2,725 in proforma expenses. The office tenant (all units) will be relocating out of the property on February 1, 2021.



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