516-522 3rd St
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516-522 3rd St
12,968 SF Office Building San Rafael, CA 94901 $2,900,000 ($224/SF)
Investment Highlights
- 2010 High Quality Construction
- Condominium Project Advantages
- Ideal Convenient Location
- Four Condominiums (3 Residential/1Commercial)
Executive Summary
Keegan & Coppin Company is pleased to offer for sale this downtown San Rafael mixed use condominium project. Constructed in 2010 to the highest quality standards, the project includes a single ground floor commercial condominium, and three residential condominiums situated above a grade level parking garage.
The commercial condominium has been leased to United Markets’ corporate office since the project was constructed. This lease expires at the end of 2024 and the intention of the seller is to deliver this unit vacant.
Three leased residential condominiums are well appointed large studio units.
Benefiting from a convenient downtown location near all services and immediate freeway access, this offering represents a unique opportunity for either an investor or owner-user to acquire a modern constructed project with the flexibility associated with a wholly owned existing condominium project.
The commercial condominium has been leased to United Markets’ corporate office since the project was constructed. This lease expires at the end of 2024 and the intention of the seller is to deliver this unit vacant.
Three leased residential condominiums are well appointed large studio units.
Benefiting from a convenient downtown location near all services and immediate freeway access, this offering represents a unique opportunity for either an investor or owner-user to acquire a modern constructed project with the flexibility associated with a wholly owned existing condominium project.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
12,968 SF
Building Class
B
Year Built
2009
Price
$2,900,000
Price Per SF
$224
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
6,484 SF
Building FAR
0.69
Land Acres
0.43 AC
Zoning
T5N 40/60
Parking
17 Spaces (1.31 Spaces per 1,000 SF Leased)
1 of 1
Walk Score ®
Walker's Paradise (94)
Bike Score ®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 014-123-33 | Improvements Assessment | $1,180,183 |
| Land Assessment | $1,299,741 | Total Assessment | $2,479,924 |
PROPERTY TAXES
Parcel Number
014-123-33
Land Assessment
$1,299,741
Improvements Assessment
$1,180,183
Total Assessment
$2,479,924
-
Matthew Storms -
Keegan & Coppin Company, Inc.
(415) 461-1010
x123
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516-522 3rd St
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