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10481 Lansing St 5,966 SF 100% Leased Retail Building Mendocino, CA 95460 $5,297,517 CAD ($887.95 CAD/SF)



INVESTMENT HIGHLIGHTS
- Central corner location with heavy foot traffic
- Excellent income history
- Luxury owners residence or rent out
EXECUTIVE SUMMARY
Located in the heart of Mendocino, the corner of Lansing St. and Ukiah St. is popular for both visitor and local shopping. Spanning the length of most of a block this offering consists of 4 separate buildings, currently occupied by retail shops, a restaurant, and a wine tasting room. This property has excellent income history and with its prime location, enjoys a very low vacancy rate. The premium for the owner is a private, second story apartment that is contemporary and elegant. There is a large, private ocean view deck, with southern exposure and a hot tub. This 1 bedroom, 1 bath apartment has vaulted ceilings and fine custom details throughout. An owner has the option of renting out this apartment for further income, but once you experience the comfortable space, with views of the ocean and the town, you may decide that having a pied-à-terre of your very own would be very compelling. Owner would consider carrying.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
5,966 SF
Building Class
B
Year Built/Renovated
1977/2010
Price
$5,297,517 CAD
Price Per SF
$887.95 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.65
Lot Size
0.21 AC
Zoning
MC - This district is intended to provide an area within the town suitable: for commercial development compatible with existing commercial uses.
AMENITIES
- Corner Lot
- Restaurant
PROPERTY TAXES
| Parcel Number | 119-250-01 | Total Assessment | $2,981,325 CAD |
| Land Assessment | $1,838,060 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,143,265 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
119-250-01
Land Assessment
$1,838,060 CAD
Improvements Assessment
$1,143,265 CAD
Total Assessment
$2,981,325 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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10481 Lansing St
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