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115 Ward St 4,556 SF Retail Building Larkspur, CA 94939 $3,495,000 ($767.12/SF)
Investment Highlights
- Prime downtown Larkspur location on historic Magnolia Avenue.
- Two dedicated parking spaces with separate garages.
- Immediate upside from vacant rear property located at 115 Ward Street
- Prominent corner frontage with exceptional visibility and consistent pedestrian traffic.
- Steps from the Lark Theater, boutique shopping, restaurants, and neighborhood amenities.
- Minutes from the Larkspur Ferry Terminal and Highway 101.
Executive Summary
Rare opportunity to acquire a well-located mixed-use asset with stable in-place income in the heart of downtown Larkspur's historic Magnolia Avenue corridor. Situated on a prominent corner just steps from the iconic Lark Theater, and surrounded by boutique retailers, acclaimed restaurants, and neighborhood amenities, the property offers convenient access to the Larkspur Ferry Terminal and Highway 101.The offering comprises four buildings totaling 3,736 SF on a 7,500 SF lot, zoned SD (Storefront Downtown) with historic designation. The Magnolia Avenue frontage is occupied by two established, long-term retail tenants providing immediate cash flow from a highly visible, pedestrian-oriented location. 115 Ward Street, a vacant standalone building at the rear of the property, is classified as residential, but was previously used as an office. Additional features include two dedicated parking spaces with garages and private courtyard storage. Located in one of Marin County's most walkable districts, this is a compelling investment opportunity with long-term upside.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,556 SF
Building Class
C
Year Built
1890
Price
$3,495,000
Price Per SF
$767.12
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.61
Lot Size
0.17 AC
Zoning
DH, Larkspur - SD Store Front Downtown
Parking
4 Spaces (0.44 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Courtyard
- Tenant Controlled HVAC
- Storage Space
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 020-261-04 | Improvements Assessment | $1,748,108 |
| Land Assessment | $1,012,062 | Total Assessment | $2,760,170 |
Property Taxes
Parcel Number
020-261-04
Land Assessment
$1,012,062
Improvements Assessment
$1,748,108
Total Assessment
$2,760,170
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115 Ward St
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