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2020 4th St
San Rafael, CA 94901
Retail Property For Sale
Investment Highlights
- Attractive 6.1% Cap Rate
- Newer Roof
- Prime Downtown Miracle Mile Location
- Fully Leased
- Tastefully Upgraded Throughout
Executive Summary
An Exceptional Investment Opportunity in the heart of San Rafael's highly desirable Miracle Mile corridor.
Located at 2018-2020 4th Street, this well-maintained commercial property is comprised of three individual retail storefront condominiums and is now fully leased, providing immediate and stable cash flow. Generating approximately $80k in annual net operating income with an attractive 6.1 Cap Rate, this property presents a compelling opportunity for investors seeking dependable income in one of Marin County's most established commercial districts.
Positioned along the vibrant 4th Street corridor, the property benefits from outstanding visibility, strong vehicle and pedestrian traffic, and close proximity to Downtown San Rafael, local dining, shopping, and neighboring communities.
Located at 2018-2020 4th Street, this well-maintained commercial property is comprised of three individual retail storefront condominiums and is now fully leased, providing immediate and stable cash flow. Generating approximately $80k in annual net operating income with an attractive 6.1 Cap Rate, this property presents a compelling opportunity for investors seeking dependable income in one of Marin County's most established commercial districts.
Positioned along the vibrant 4th Street corridor, the property benefits from outstanding visibility, strong vehicle and pedestrian traffic, and close proximity to Downtown San Rafael, local dining, shopping, and neighboring communities.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,250 SF
Building Class
C
Year Built/Renovated
1949/2022
Price
$1,298,000
Price Per SF
$399.38
Cap Rate
6.08%
NOI
$78,982
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.83
Lot Size
0.09 AC
Zoning
C/O - Commercial/Office District
Parking
1 Spaces (0.31 Spaces per 1,000 SF Leased)
Frontage
55’ on 4th St
Property Taxes
| Parcel Number | 010-282-17 | Improvements Assessment | $291,312 |
| Land Assessment | $332,928 | Total Assessment | $624,240 |
Property Taxes
Parcel Number
010-282-17
Land Assessment
$332,928
Improvements Assessment
$291,312
Total Assessment
$624,240
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