1103/1109 Main Street, Fortuna, CA 95540
$494,000
Property Type:
Commercial
Square Footage:
6,116
Lot Size (sq. ft.):
6,534
Status:
Sold
Current Price:
$550,000
List Date:
4/09/2024
Last Modified:
9/09/2024
Overview
Description
Prime commercial investment opportunity located in downtown Fortuna, perfect for savvy investors seeking steady rental income. This real estate property consists of three separately metered units with established tenants: The Playroom Bar, Main Fitness Studio, and Bliss Salon. The units are in excellent condition, and the exterior has recently been updated. With a gross rent of $4,150 per month, this property is a lucrative investment. Positioned at the corner of 11th & Main, the businesses benefit from high visibility during the city's numerous events and festivals. Convenient access to city parking and off-street parking adds to the property's appeal. Investing in Fortuna's business-friendly community is a smart move for long-term financial growth.
Listing Details MLS# 266456
Listing Information
- Pended Date
- 2024-04-26
- Sold Date
- 2024-06-11
Property Description
- Type of Property
- Commercial
- Realtor.com Type
- Commercial
- Construction Status
- Existing
- Accessory Dwelling Unit
- No
- Main House SqFt
- 6116
- Lot Acres
- 0.15
- Road Frontage
- 60
- Flood Zone
- Unknown
- Surveyed
- No
- List Price/SqFt
- 89.93
- Sold Price/SqFt
- 80.77
Location Legal and Taxes
- Area
- Mid County
- House Number
- 1103/1109
- Street Name
- Main
- Street Suffix
- Street
- Sub-Area
- Fortuna
- State
- CA
- Zip Code
- 95540
- Cross Street
- 11th
Directions and Remarks
- Directions
- Corner of 11th and Main Fortuna
Building Description
- Year Built
- 1943
- # Units
- 3
Square Footages
- Total Building SqFt
- 6116
More Information
Business
- Real Estate Included
- Yes
Location, Legal and Taxes
- APN
- 040-203-017
Zoning
- Commercial
- Yes
Possession
- At Close of Escrow
- Yes
Income & Expenses
- Signage
- No
- Gross Income
- 47400
Existing Use
- None
- Yes
Siding
- Other
- Yes
Location
- Corner Lot
- Yes
Roof
- Membrane
- Yes
Financing Terms
- Cash
- Yes
- Conventional
- Yes
Parking
- None
- Yes
Flooring
- Laminate
- Yes
Sale Includes
- Land & Building
- Yes
Property Features
Zoning:
Commercial
Existing Use:
None
Location:
Corner Lot
Siding:
Other
Roof:
Membrane
Parking:
None
Flooring:
Laminate
Sale Includes:
Land & Building
Possession:
At Close of Escrow
Financing Terms:
Cash; Conventional
Listing Office:
Corcoran Icon Properties Arcata
Last Updated: September - 09 - 2024
Broker Attribution:
Joshua.cook@corcoranicon.com
Based on information from the Humboldt Association of REALTORS® (alternatively, from the Humboldt MS), as of (date the AOR/MLS data was obtained on
.) All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be verified by broker for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2020 (year) Humboldt Association of Realtors®. All rights reserved.
