901-907 4th St
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901-907 4th St
11,596 SF 100% Leased Retail Building San Rafael, CA 94901 $4,300,000 ($371/SF) 8.99% Cap Rate
Investment Highlights
- Prime Location: this property benefits from high visibility and foot traffic.
- Owner-User Opportunity: This property presents a unique opportunity for an owner-user looking to establish or expand their business while benefiting f
- Retail Space: The ground floor boasts expansive retail space, equipped with large storefront windows that offer excellent visibility and exposure.
- Redevelopment Opportunity - 2nd floor space readily divides to 3 residential units for buyers looking to exit the office market
Executive Summary
$600,000 PRICE REDUCTION!!!!
Motivated sellers looking for offers. Come tour this great property, repriced for as an amazing investment opportunity in downtown San Rafael. A well maintained multi-tenant property featuring retail and restaurant space on the ground floor and office spaces on the second floor. Second floor divides well into 3 residential units for the redeveloper who wants to move away from office. Strategically positioned in the heart of the downtown San Rafael commercial district, this property offers immense potential for an owner-user seeking a versatile space with significant upside for redevelopment.
Motivated sellers looking for offers. Come tour this great property, repriced for as an amazing investment opportunity in downtown San Rafael. A well maintained multi-tenant property featuring retail and restaurant space on the ground floor and office spaces on the second floor. Second floor divides well into 3 residential units for the redeveloper who wants to move away from office. Strategically positioned in the heart of the downtown San Rafael commercial district, this property offers immense potential for an owner-user seeking a versatile space with significant upside for redevelopment.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
11,596 SF
Building Class
C
Year Built
1907
Price
$4,300,000
Price Per SF
$371
Cap Rate
8.99%
NOI
$386,750
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.48
Land Acres
0.18 AC
Zoning
CG, San Rafael
Frontage
57 FT on 4th St
Amenities
- Restaurant
- Signage
- Signalized Intersection
Walk Score ®
Walker's Paradise (98)
Bike Score ®
Very Bikeable (81)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 011-263-11 | Improvements Assessment | $2,575,339 |
| Land Assessment | $1,094,519 | Total Assessment | $3,669,858 |
PROPERTY TAXES
Parcel Number
011-263-11
Land Assessment
$1,094,519
Improvements Assessment
$2,575,339
Total Assessment
$3,669,858
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Rory Tuttle -
James Schultz -
Meridian Commercial
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901-907 4th St
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