7299 Redwood Blvd
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7299 Redwood Blvd
0.93 Acres of Commercial Land Offered at $1,900,000 in Novato, CA 94945
Investment Highlights
- A prominent suburban downtown site
- Compelling neighborhood demographics
- Walk to abundant restaurants, shops, SMART Commuter Rail Station
Executive Summary
Newmark is pleased to present an exclusive opportunity to purchase a prominent, infill development site in downtown Novato, California. Known locally as the “former Mission Lodge site,” the 0.92-acre vacant parcel is extremely well-located. Boasting a “walk score” of 91 out of 100, the site is near numerous cafes, boutiques, restaurants and is within one-half mile of Whole Foods, Trader Joes and the newly opened Novato Downtown SMART commuter rail station. Current zoning allows a variety of commercial uses, but the site also represents a re-entitlement opportunity for multifamily / mixed-use development, especially given severe housing shortages and pressure the City now faces to meet its state-mandated RHNA target and deadline – requiring the City to identify sites for 2,000+ new housing units by January 2023.
The site is being offered at a price of $2,250,000. Please contact listing agents for details
The site is being offered at a price of $2,250,000. Please contact listing agents for details
Property Facts Under Contract
| Price | $1,900,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.93 AC |
| Property Type | Land |
| Price | $1,900,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.93 AC |
1 Lot Available
Lot
| Price | $1,900,000 | Lot Size | 0.93 AC |
| Price Per AC | $2,043,011 |
| Price | $1,900,000 |
| Price Per AC | $2,043,011 |
| Lot Size | 0.93 AC |
Prime Infill Development Site in Marin County, California.
Walk Score ®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $371,430 | Total Assessment | $371,430 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$371,430
Improvements Assessment
$0
Total Assessment
$371,430
zoning
| Zoning Code | CG |
| CG |
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7299 Redwood Blvd
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