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Prime Investment Opportunity on State Street 1198 N State St 10,980 SF Retail Building Ukiah, CA 95482 $2,024,084 CAD ($184.34 CAD/SF)



EXECUTIVE SUMMARY
Highly visible multi-tenant retail property along busy State Street in the heart of Ukiah! This investment offering includes multiple buildings totaling approximately 10,980 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. The adjacent 1178 N. State Street has an occupied 3,500+/- square foot building with 400 amp power, a 1,000+/- square foot outbuilding, 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!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,980 SF
Building Class
C
Year Built
1953
Price
$2,024,084 CAD
Price Per SF
$184.34 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
0.69 AC
Opportunity Zone
Yes
Zoning
C1
AMENITIES
- Corner Lot
- Signage
- Monument Signage
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $511,797 CAD | |
| Land Assessment | $561,005 CAD | Total Assessment | $1,072,803 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$561,005 CAD
Improvements Assessment
$511,797 CAD
Total Assessment
$1,072,803 CAD
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Prime Investment Opportunity on State Street | 1198 N State St
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