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Golden Goose Building 45094 Main St 4,166 SF Vacant Retail Building Mendocino, CA 95460 $4,093,985 CAD ($982.71 CAD/SF) 5.50% Cap Rate



Investment Highlights
- Prime Village Location – Main Street presence with strong, consistent foot traffic
- Mixed-Use Upside – Upper suites with potential for future residential conversion
- Flexible Income Potential – Four suites support multiple tenants or single-user use
- Turnkey + Updated – Rebuilt in 2012 with modern systems and minimal near-term capex
Executive Summary
Positioned in the very center of Mendocino Village, the iconic 'Golden Goose' building presents a rare opportunity to acquire a legacy asset with both immediate functionality and future upside. Steeped in local history, this landmark has continuously evolved with the community. Once home to a classic drug store and soda fountain, later became a general store, an acclaimed home furnishings destination, and most recently, a celebrated gallery space. Following a comprehensive rebuild in 2012, the property seamlessly blends preserved historic architecture with modern infrastructure, creating a turnkey canvas for today's investor or entrepreneur. Encompassing approximately 4,000± square feet, the building is thoughtfully configured into four suites, offering flexibility for multiple income streams or a cohesive single-user concept. The ground floor captures prime visibility with Main Street frontage, large picture windows, and dual access from Albion Street--ideal for retail, hospitality, or a flagship brand presence in one of the most visited coastal villages in Northern California. The upper level introduces an increasingly rare opportunity in Mendocino: two private suites with conditional approval for residential use. Currently, the property is undergoing permitted improvements, including the addition of an employee break room within the ocean-view suite--strategically designed to also function as a future kitchen should residential use be pursued through permitting. This intentional upgrade enhances both immediate commercial utility and long-term adaptability. Character and craftsmanship are evident throughout, with hardwood floors, vaulted ceilings, artisan details, and a façade that honors the building's historic roots. Modern systems including forced air heating, CAT5 cabling, and interior sound support a wide range of business or mixed-use applications. This is more than a building, it's a platform for vision. Whether reimagined as a flagship commercial presence, a mixed-use investment, or an elevated live/work coastal retreat, this Mendocino landmark is ready for its next chapter.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Building Size
4,166 SF
Building Class
B
Year Built
1800
Price
$4,093,985 CAD
Price Per SF
$982.71 CAD
Cap Rate
5.50%
NOI
$225,169 CAD
Percent Leased
Vacant
Building Height
2 Stories
Building FAR
0.96
Lot Size
0.10 AC
Zoning
MC - MC = Mendocino Commercial
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 119-238-21 | Improvements Assessment | $583,463 CAD |
| Land Assessment | $712,996 CAD | Total Assessment | $1,296,459 CAD |
Property Taxes
Parcel Number
119-238-21
Land Assessment
$712,996 CAD
Improvements Assessment
$583,463 CAD
Total Assessment
$1,296,459 CAD
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Golden Goose Building | 45094 Main St
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