1905 Novato Blvd 5,000 SF Office Building Novato, CA 94947 $1,300,000 ($260/SF) 6.15% Cap Rate

Keegan & Coppin Company is pleased to offer for sale an investment development opportunity or an owner-user property on a main thoroughfare in Novato, CA. The former owner user was an adult/child day care facility.
The current zoning has been modified to R-1 (7.5), so any business use similar will fall under a legal non-conforming business and can continue similar operations. Other uses would need to apply for a Conditional Use Permit.
The building is in very good condition, new roof in 2021. The parking was repaved in 2011. There are 2 large meeting rooms, kitchen, and private offices. It has an ADA ramp front and back and ADA restrooms. It is situated on a level one acre lot with immediate access to a major Novato traffic artery. The building was built in 1973 on Novato Blvd. with a large parking area. Investors will appreciate the site’s possibilities, either as an office property or as a site ideal for conversion to residential by redeveloping the property.