35500 S Highway 1

Description

Where the Redwood forests meet the ocean, the iconic Anchor Bay Commercial Village is prominently located on both the East and West sides of Highway 1. The offering comprises three parcels: two established commercial assets and one vacant oceanfront development site. Anchor Bay East includes seven units with a strong occupancy history and a balanced mix of retail, office, restaurant, and an organic-based market as its anchor tenant. Anchor Bay West includes seven units with service, office, together with the 'Wash House' laundromat business, the only laundromat on the Southern Mendocino Coast. The offering also includes a 1.7-acre oceanfront parcel with Coastal Commercial zoning allowing a broad range of commercial, residential, civic, and hospitality uses. Set above Anchor Bay Beach in the Mendocino Coast's Banana Belt microclimate, the property offers a rare combination of coastal presence, tenant diversity, and long-term development optionality in a highly visible Highway 1 location. A stable mix of businesses serves both local residents and year-round visitors. Adjacent to the privately owned Anchor Bay Campground, the property benefits from additional traffic and visibility. Current annual income is $215,640, with near-term upside through the lease-up of three vacant units, offering immediate cash flow.