170-176 E Blithedale Ave 2,746 SF 100% Leased Retail Building Mill Valley, CA 94941 For Sale

This unique 4-unit retail property in the heart of Mill Valley presents a rare investment opportunity with significant upside potential. Located at 170-176 Blithedale Avenue, the building offers approximately 2,746 square feet and features a 12-space parking lot, a critical advantage in this supply-constrained trade area. Positioned at the intersection of Blithedale Avenue and Grove Street, the property benefits from excellent visibility and accessibility. Zoned C-L (Limited Commercial), the site allows a mix of uses from retail and office to residential with a conditional use permit.
The single-story structure and adjacent parking area provide a compelling platform for repositioning or vertical development up to 35 feet, subject to buyer verification of zoning standards. Current leases include short-term agreements, creating flexibility for an owner-user or redevelopment strategy. Recent property upgrades, including new flooring and finishes, add to the asset’s appeal. The property’s prime location offers quick connectivity, only 3 minutes to downtown Mill Valley and within easy reach of Corte Madera (11 minutes) and Sausalito (15 minutes), ensuring consistent exposure to an affluent customer base and strong local demand drivers.