The property is located at 1723 Novato Boulevard in Novato, California and is improved with a three-bedroom residence situated on an approximately one-half-acre lot. Improvements include an oversized basement, an auxiliary storage structure, a mature orchard, public utility service, and an existing well. The property is zoned R10 Multi-Family. Marketing materials reference city feasibility documentation supporting approximately 10± residential units and identify additional land use categories permitted under applicable planning standards. The property is located near Downtown Novato and is offered by appointment due to existing tenancy.Vintage residence with significant upside value and development potentials. A rare opportunity in one of Novato's most central town locations! This beautifully maintained Vintage 3-bedroom residence sits on a private, level + acre lot, just minutes from Downtown Novato's shops, restaurants, and recreational amenities. The property carries significant development potentials for 10+/- units per City feasibility report, available upon request. The Home: Full of character, soaring ceilings, hardwood floors, and many original features and upgrades. An oversized basement of approximately 1,400 +/- additional sq. ft. offers amazing bonus space, ideal as a workshop, studio, storage, or future expansion project. Outside, enjoy a mature orchard and an auxiliary storage structure, all served by public utilities and water, plus a pre-existing well that may be reconnectable, subject to City verification. The Opportunity: Zoned R10 Multi-Family, allowing 10-20 units per acre, with current feasibility supporting 10+ units per existing density and land use review and City documentation, (available upon request). Commercial use may also be possible with City approval of a rezone, which appears viable. Land Use: Existing Zoning and General Plan standards allow for an extensive list of additional land uses which may include home occupations, live work, senior or child residential care, school or religious use, multi family, B&B, and much more, per included use tables. Additional Information: Whether you're an owner-user looking to live in the existing home while exploring additional development, a multigenerational family seeking space and flexibility, or an investor/developer eyeing significant upside, this property delivers a rare opportunity in a premier location. A full amenity and disclosure package and land feasibility study is available upon request. Showings by appointment only due to existing tenancy...currently rented at $3,500 a month.
