10905 State Route 1
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10905 State Route 1
3,343 SF 52% Leased Retail Building Point Reyes Station, CA 94956 $2,350,000 ($703/SF)
Investment Highlights
- Mixed-Use Property.
- Sought after destination.
- Income-generating.
Executive Summary
This truly unique mixed-use property spans almost 3 acres and sits at the Gateway to the National Seashore, with both commercial and residential frontage along California's Hwy 1. It's conveniently located within a short stroll of the charming restaurants and shops of Point Reyes Station. The property is home to an income-generating commercial building, a distinct private residence, and an undeveloped acre. The commercial space, currently home to a restaurant, is situated at the forefront of the property bordering Highway 1, while the single-family residence is set back from the road and enjoys a more quiet and private setting, backing up to the National Park and surrounded by mature Willow trees. The fully furnished home launched a very successfully rental in late spring of 2023 and offers an expansive deck with views of the Inverness Ridge and surrounding mountains, making it an ideal vantage point to take in the stunning landscapes of West Marin. Seize the chance to acquire a mixed-use property in one of the most sought-after destinations in the Bay Area!
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$81,963
|
$24.52
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$81,963
|
$24.52
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $81,963 |
| Annual Per SF | $24.52 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $81,963 |
| Annual Per SF | $24.52 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
3,343 SF
Building Class
C
Year Built
1947
Price
$2,350,000
Price Per SF
$703
Percent Leased
52%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.03
Lot Size
2.92 AC
Zoning
C-NC - Neighborhood Commercial/Mixed Use - Coastal Zone
Parking
15 Spaces (4.49 Spaces per 1,000 SF Leased)
Frontage
118 FT on State Route 1
Amenities
- Signage
- Skylights
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 166-170-12 | Improvements Assessment | $0 (2024) |
| Land Assessment | $50,239 (2024) | Total Assessment | $50,239 (2024) |
PROPERTY TAXES
Parcel Number
166-170-12
Land Assessment
$50,239 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$50,239 (2024)
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10905 State Route 1
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