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Investment Highlights

  • Put a STARBUCKS here - this would be an awesome spot for one!!
  • Priced WAY, WAY, WAY below replacement cost - we are talking $250 per square foot!!
  • DEVELOPERS - run the numbers!! LOTS of ways to make a few Million Dollars on this project!!
  • Open House THIS SATURDAY from 1:00pm to 3:00pm
  • The zoning allows for RETAIL, FOOD, OFFICES - OR - AFFORDABLE HOUSING
  • NON-PROFITS - buy this place and make a highly-visible HOME for your programs

Executive Summary

OPEN HOUSE 1-Day Only - SATURDAY, March 21st from 1:00pm to 3:00 pm ... Opportunity Knocks!! Priced WAY, WAY, WAY below replacement cost - we are talking $250 per square foot!! This property is being sold by the original owner who is retiring after owning this property for over 55-years. This property includes THREE buildings - each is about 5,000 square feet = 15,000 square feet total ... The buildings were originally designed as apartments (each unit had its own bathroom), but have been used as office space for over 5 decades ... Most of the 24 bathrooms are still in place. Comes with 50 PARKING SPACES ... The zoning allows for RETAIL, FOOD, OFFICES - OR - AFFORDABLE HOUSING ... this location is UNBELIEVABLY COOL - on the WATERFRONT - spectacular VIEWS and direct access to the Sausalito Trail ... the NEW building next door (156 Shoreline Highway) is setting the precedent for what might be possible to develop here ... DEVELOPERS - run the numbers! NON-PROFITS - buy this place and make a highly-visible HOME for your programs ... 1031-EXCHANGE buyers - park some cash here - the Tenants are on month-to-month leases and would love to stay, giving you cash-flow while you are working on your plans ... Put a STARBUCKS here - this would be an awesome spot for one ... Don't Miss Out On This Insanely Good Deal!! ******** please do not disturb Tenants by going into the buildings - it is OK to drive through the parking lot ******** OPEN HOUSE ... stop by 1-Day Only - SATURDAY, March 21st from 1:00pm to 3:00 pm ...

Property Facts

Price $3,750,000
Price Per Unit $156,250
Sale Type Investment
Sale Conditions
1031 Exchange
  • Build to Suit
  • Redevelopment Project
No. Units 24
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.89 AC
Building Size 15,000 SF
No. Stories 2
Year Built 1971
Parking Ratio 3.33/1,000 SF
Zoning CP, Mill Valley - This is in unincorporated Marin County - the zoning is CP – Planned Commercial ... Allows for RETAIL, FOOD, OFFICES - OR - AFFORDABLE HOUSING

Amenities

Site Amenities

  • Waterfront

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 24 - -

Property Taxes

Property Taxes

Parcel Number
052-371-04
Land Assessment
$392,267
Improvements Assessment
$931,634
Total Assessment
$1,323,901
  • Listing ID: 39825481

  • Date on Market: 3/18/2026

  • Last Updated:

  • Address: 150 Shoreline Hwy, Mill Valley, CA 94941

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