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Listed by Neel Bhatia • Coldwell Banker Realty
$ 4,750,000
Est. payment /mo
New
1240 4th ST San Rafael, CA 94901
10,894 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 10,894 sqft
Price per Sqft $436
MLS Listing ID ML82002642
Year Built 1893
Lot Size 8,956 Sqft
Property Sub-Type Five or More Units
Property Description
First time on the Market in over 25 Years! Prime, Heart of Downtown San Raphael Investment Offering of a 13 Unit Mixed Used Investment Property! A Current 5.5% CAP Offering with Upcoming & Allowable Increases in 2025 Allowing for Immediate Upside! Owner has Self Managed this Asset with Pride, and has Recently Performed Upgrades to the Property with BRAND NEW Electrical Panels (2024/2025), a New Roof in 2023, & Many Rehabbed Units in Recent Years ranging from New Bathrooms & Kitchens. Property Consists of (4) Long Time Retail Tenants: Amici's Pizza, The SHOP (high end barber shop), Friends Books, and Tibet Shop along with (9) Multifamily Units Consisting of (2) 2bed/1bth Units, (2) 1bed/1bths, & (5) Studio Units. Corner LOT! Property is Owned Free & Clear Of Debt! Seller May Carry with Minimum 35% Down for Qualified Buyer. Must See to Appreciate!
Location
State CA
County Marin
Area San Rafael
Zoning R3
Interior
Heating Other
Cooling None
Exterior
Parking Features On Street
Utilities Available Public Utilities
Roof Type Shingle
Building
Foundation Concrete Perimeter
Sewer Sewer Connected
Water Public
Others
Restrictions None
Tax ID 011-212-17
Security Features None
Special Listing Condition Not Applicable
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