bayfront multi-use 13,000 sf building in old town 322,324 first … · 2018. 7. 3. · thepacific...

P.O. Box 783 Bayside California 95524 •

voice: 707.444.3624 • cell: 707.832.9121 • [email protected]

Two Million, One Hundred Thousand Dollars $2,100,000.00

Offered at 5.7% CAP Rate

Bayfront Multi-Use 13,000 sf Building in Old Town 322,324 First St. Eureka, CA 95501



This building is a prime investment opportunity! Three stories of residential and

commercial units located in the the heart of Old Town Eureka, Humboldt County’s

cultural, social, and economic hot spot. This location features the best Old Town has

to offer; it is walking distance from the boardwalk, shops, restaurants, night life, and

leisure activities and has a splendid view of Humboldt Bay.

Built in 1990, the 13,000 sf building includes 1,300 sf of office space, eleven

residential apartments, and four garage stalls. Four of the apartments are set up for

vacation and corporate stay, generating a hearty boost in monthly income. Recently

renovated residential units can easily be transformed into additional vacation units

to increase the CAP Rate even more!

Conveniently located adjacent to city parking lot.

Call Wells Commercial Real Estate & Investments today for more details!



First Floor Plan



Second Floor Plan



Third Floor Plan



2017 APOD



Commercial Waterfront Zoning



Humboldt County Demographics2014 Total Population............................................................................................................................134,317

2014 Households....................................................................................................................................56,031

2014 Average Household Size....................................................................................................................2.36

2014 Median Household Income..........................................................................................................$31,226

< $15,000................................................................................................................................................28.4%

$15,000 - $24,999...................................................................................................................................22.4%

$25,000 - $34,999...................................................................................................................................20.1%

$35,000 - $49,999...................................................................................................................................25.7%

$50,000 - $74,999..................................................................................................................................30.2%

$75,000 - $99,999......................................................................................................................................18%

$100,000 - $149,000..................................................................................................................................15%

$150,000 - $199,999..................................................................................................................................7.7%

$200,000....................................................................................................................................................3.5$

2014 Families......................................................................................................................................... 53,296

2014 Average Family Size...........................................................................................................................2.44

2014 Housing Units................................................................................................................................61,692

Owner Occupied Housing Units...............................................................................................................55.9%

Renter Occupied Housing Units..............................................................................................................33.8%

Vacant Housing Units...............................................................................................................................10.3%

2014 Median Home Value..................................................................................................................$288,300

2014 Per Capita Income.......................................................................................................................$23,540

2014 Median Age........................................................................................................................................37.5

2014 Population by Age Total..............................................................................................................134,768

0 - 4..........................................................................................................................................................5.47%

5 - 9............................................................................................................................................................5.5%

10 - 14.........................................................................................................................................................5.2%

15 - 24.......................................................................................................................................................16.5%

25 - 34.......................................................................................................................................................14.2%

35 - 44........................................................................................................................................................5.3%

45 - 54.......................................................................................................................................................12.5%

55 - 64.......................................................................................................................................................14.4%

65 - 74.........................................................................................................................................................6.7%

65 - 74.............................................................................................................................................................................



Eureka California is locatedapproximately 275 miles north of San Francisco on the coast of

thePacific Ocean & approximately 75

miles south of the Oregon border. Highways 101 and 299are the main arteries in and outof the region. Humboldt Bay is adeep water port with shipping

Old Town Eureka is a U.S. Historic district along the

Humboldt Bay waterfront. It is the cultural center of

Humboldt County. In addition to the Victorian-era

architecture such as the famed Carson Mansion, the area

is home to Humboldt’s finest shops and restaurants.

bayfront multi-use 13,000 sf building in old town 322,324 first … · 2018. 7. 3. · thepacific...

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