Charming commercial cash flowing office building with vacant lot & additional APN in heart of downtown Ukiah. 205 West Clay Street offers a compelling investment opportunity w/ both immediate cash flow & long term upside. This fully leased 1,420sqft commercial asset consists of five rentable office spaces, generating stable income. Several tenants are on month to month leases, providing built in flexibility for repositioning, redevelopment, or potential owner occupancy if desired. Adjacent to School Street & directly across from the new Tesla Supercharger station, this location delivers steady foot traffic & strong visibility. Surrounded by shops, dining, & the farmers market, it's a prime spot for professionals & future development. The site is zoned General Urban (GU), allowing for a wide range of uses including professional office, residential, & mixed use development. Appreciate the rare opportunity to develop up to 3-stories, unlocking potential for increased density, NOI, & resale value. Whether held as a cash flowing asset, repositioned for higher rent tenants, or redeveloped for mixed use or residential units, the property offers multiple value add strategies & exit opportunities; representing a highly attractive opportunity in one of Ukiah's most desirable corridors.