Kellieowen Hall 10470 Lansing St 5,780 SF 100% Leased Retail Building Mendocino, CA 95460 $1,675,000 ($289.79/SF) 5.54% Cap Rate

For the first time in more than 50 years, a key investment property in downtown Mendocino is available for purchase. This historic property, known as Kellieowen Hall, is located on the southwest corner of Lansing and Ukiah Streets at the center of the Village of Mendocino. It was built in 1887 by William H. Kelley and has served as the hub of the business district in the community. The five-tenant building is a touchstone for locals and tourists alike. The property offers 5,870 +-sq. ft. of rentable area and is 100% leased and occupied. The building is anchored by two established major tenants with frontage at the corner of Lansing and Ukiah streets. “The Study Club”, with its focus on high-end and unique apparel, and the “Lansing Street Gallery” with its equally unique art and handcrafted furniture, are two of the most visible business in Mendocino. Additional tenants include an e-bike rental (and oddity) shop, a book store, and established real estate brokerage. The southside of the building includes a 2,000+- decking that provides a walkway to nearby properties and an outdoor area for use by customers and businesses alike. Grossing over $130,000 per year, the Kellieowen Hall offers the opportunity not only to own a piece of Mendocino history, but to secure an excellent investment as well. Businesses are not for sale.