10470 Lansing St, Mendocino, CA 95460

Property Description

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 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-unit building is a touchstone for locals and tourists alike. The property offers 5,780+-sq.ft. of rentable area and is fully leased. he 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 southside of the building includes a 2,000+- decking that provides a walkway 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.