Investment Overview

Marcus & Millichap is pleased to present for sale a 30,767-square-foot mixed-use retail, office, and apartment center situated along a prime thoroughfare on W Main Street in Woodland, California. Currently 71 percent occupied, the property offers investors meaningful value-add potential through lease-up of both the commercial suites and two vacant apartment units. Located on W Main Street, the asset benefits from strong visibility and consistent traffic, with more than 13,000 vehicles passing daily. Surrounding national retailers drive excellent synergy and consumer draw, while the property’s CBD zoning provides flexible allowable uses and long-term adaptability for ownership. Constructed in [YEAR], the property combines retail, office, and residential space, creating a unique opportunity for an investor to reposition the asset and unlock its full potential. With nearly 30 percent vacancy across the commercial units and both apartments available, investors have a clear path to increase NOI through targeted leasing and proactive management. Offered at just $123 per square foot—approximately one-third of today’s replacement cost—the property represents an attractive basis well below market for a high-visibility location. Its prime position along Woodland’s key commercial corridor ensures continued demand from both businesses and residents. Woodland, the county seat of Yolo County, is a growing community just 20 miles northwest of Sacramento and minutes from Davis and the Sacramento International Airport. The city is known for its balance of historic character, expanding residential base, and regional commercial draw. Its strong demographics — more than 54,000 residents within a three-mile radius and over 65,900 within five miles — support ongoing demand for retail, office, and residential space. This offering presents investors a rare opportunity to acquire a well-located, mixed-use property at a highly attractive cost basis, with strong in-place tenancy and significant upside through commercial lease-up and the activation of two vacant apartment units in a dynamic Northern California market.