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901-907 4th St
San Rafael, CA 94901
Retail Property For Sale
Investment Highlights
- Prime Downtown San Rafael Location
- Fully Leased Mixed Use
- Well-Maintained Building
Executive Summary
Available for the first time in over 20 years, this fully leased mixed-use property comprised of two buildings represents an opportunity for an investor to acquire a cornerstone property in the downtown Fourth Street corridor. The property is adjacent to a municipal parking lot, and at the epicenter of the vibrant downtown core. Tenancies are stable, with an architecture firm occupying the second floor, and a mix of retail tenants on the ground floor, including a new and highly acclaimed Neapolitan pizzeria, a boutique coworking facility, and two smaller retail tenants who have been in place for decades. Building systems were extensively upgraded in 2017, with the construction of modern restaurant infrastructure. The property has been maintained to the highest standard since the sellers’ ownership of the property. Its location, quality and charm ensure the long
term stability of the asset.
term stability of the asset.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
11,596 SF
Building Class
C
Year Built
1907
Price
$3,900,000
Price Per SF
$336.32
Cap Rate
6.75%
NOI
$263,250
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.48
Lot Size
0.18 AC
Zoning
T4MS 60/80
Frontage
57’ on 4th St
Amenities
- Restaurant
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 011-263-11 | Improvements Assessment | $2,679,360 |
| Land Assessment | $1,138,728 | Total Assessment | $3,818,088 |
Property Taxes
Parcel Number
011-263-11
Land Assessment
$1,138,728
Improvements Assessment
$2,679,360
Total Assessment
$3,818,088
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