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1680 Tiburon Blvd 4,985 SF 95% Leased Office Building Belvedere Tiburon, CA 94920 For Sale
INVESTMENT HIGHLIGHTS
- Redevelopment Potential.
- Value add opportunity.
EXECUTIVE SUMMARY
Cushman & Wakefield is pleased to exclusively present the opportunity to acquire 1680 Tiburon Blvd a 4,985 square foot two Story office building on a 12,197 square foot parcel. 1680 Tiburon can be purchased with 1690 Tiburon next door. The site that has been identified in the Tiburon Housing Plan primed for residential development within the Town of Tiburon. 1680 Tiburon Blvd is well-positioned for a Value Ad investor or developer that can provide much-needed modern for-rent or for-sale residences to a cost-prohibitive single-family home market. with average prices exceeding $2.94MM and average households earning ±$354K annually. 1680 Tiburon is centrally located in downtown Tiburon and is home to a collection of professional service tenants in one of Marin County’s most desirable communities. The building sits just off Tiburon Boulevard with excellent visibility and easy access to local amenities, including the Tiburon Ferry Terminal, shops, restaurants, and waterfront trails. Several leases at 1680 Tiburon Blvd are month to month with some being 1 year, providing financial security, and reinforcing the overall stability of the rent roll. Gross annual rent of $121,142 with 12 tenants varying from 200 up to 400 square feet.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Office
Building Size
4,985 SF
Building Class
B
Year Built
1962
Percent Leased
95%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,493 SF
Building FAR
0.41
Lot Size
0.28 AC
Zoning
NC/ MU - NC- Neighborhood Commercial/
MU - Mixed Use
NC/AHO (Neighborhood Commercial/Affordable Housing Overlay
Allowable density per the Town is 8 units
Parking
31 Spaces (6.22 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 059-101-14 | Improvements Assessment | $263,080 |
| Land Assessment | $348,476 | Total Assessment | $611,556 |
PROPERTY TAXES
Parcel Number
059-101-14
Land Assessment
$348,476
Improvements Assessment
$263,080
Total Assessment
$611,556
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1680 Tiburon Blvd
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