Retail/Office/Residential For Sale | 2-6 Miller Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Retail/Office/Residential For Sale 2-6 Miller Ave
10,500 SF 100% Leased Retail Building Mill Valley, CA 94941 $6,000,000 ($571/SF) 5.60% Cap Rate
Investment Highlights
- High Identity Retail/Office or Residential
- Abundant Parking Near By
- Available for Owner-User or Investor
Executive Summary
Keegan & Coppin is pleased to offer the opportunity to acquire one of Mill Valley's most recognized properties. Located on Mill Valley’s most prestigious intersection, the corner of Miller and Throckmorton, the epicenter of Downtown Mill Valley on the main plaza. This multi tenant property is surrounded by many good restaurants, art galleries, cafes, and boutique shopping stores, Mill Valley is one of the most affluent cities in the Bay Area. Constructed in the early 1900’s, the property has been remodeled several times in the 1970's and 1980's. The property has been leased to retail tenants for decades and is available for purchase for the first time in forty years. Three leased retail spaces on the street level including Equator Coffee. The 2nd floor space could be an office, medical or a residential apartment, with an abundance of natural light, a central skylight and hard wood floors, the 2nd floor has large windows with views of the plaza from two sides.
• High identity retail/office or residential
• Available for owner-user or investor
• Abundant parking near by
• High identity retail/office or residential
• Available for owner-user or investor
• Abundant parking near by
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$393,618
|
$37.49
|
| Other Income |
$37,500
|
$3.57
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$431,118
|
$41.06
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$95,601
|
$9.10
|
| Net Operating Income |
$335,517
|
$31.95
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $393,618 |
| Annual Per SF | $37.49 |
| Other Income | |
|---|---|
| Annual | $37,500 |
| Annual Per SF | $3.57 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $431,118 |
| Annual Per SF | $41.06 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $95,601 |
| Annual Per SF | $9.10 |
| Net Operating Income | |
|---|---|
| Annual | $335,517 |
| Annual Per SF | $31.95 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,500 SF
Building Class
C
Year Built
1937
Price
$6,000,000
Price Per SF
$571
Cap Rate
5.60%
NOI
$336,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
3.00
Land Acres
0.08 AC
Zoning
CD - Downtown Commercial
Frontage
51 FT on Miller Ave
Walk Score ®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 028-061-08 | Improvements Assessment | $2,578,314 (2023) |
| Land Assessment | $560,100 (2023) | Total Assessment | $3,138,414 (2023) |
PROPERTY TAXES
Parcel Number
028-061-08
Land Assessment
$560,100 (2023)
Improvements Assessment
$2,578,314 (2023)
Total Assessment
$3,138,414 (2023)
-
Jeffrey Wilmore -
Matthew Storms -
Keegan & Coppin Inc.
(707) 528-1400
x252
1 of 8
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Retail/Office/Residential For Sale | 2-6 Miller Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.