$1,500,000

For the first time in more than 50 years, a key investment property in downtown Mendocino is available for purchase by an investor or potential owner user looking for a spot to establish a new business location. 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 activity in the community. The five-tenant building is a touchstone for locals and tourists alike. The property offers 5,780 +-sq. ft. of rentable building 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 and Study Club Men's with its focus on offering high-end and unique apparel are two of the most visible businesses in Mendocino. Additional tenants include a book store, established real estate brokerage company, and newly leased interior unit. The south side of the building includes a 2,000+- sf decking that provides a walkway to nearby properties and an outdoor area for use by customers and businesses alike. Grossing over $135,000 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.