1242 4th St - Storefront Retail/Office FOR SALE


San Rafael, CA 94901- Downtown San Rafael
$4,750,000 USD
408-828-4024
1242 4th St, San Rafael, CA for Sale
$4,750,000 USD
Storefront Retail/Office - FOR SALE
1/14
null | 5.51% Cap Rate

1242 4th St
San Rafael, CA 94901
Downtown San Rafael


HIGHLIGHTS

  • Current 5.5% CAP! Current 12.58 GRM!
  • Brand New Electrical Upgrade!
  • First time on Market in 25 Years!
  • Extremely Well Maintained & Self Managed Asset
  • New Roof in 2023
  • ABSOLUTE PRIME, DOWNTOWN SAN RAPHAEL LOCATION!

OVERVIEW

FOR SALE for the first time in over 25 Years! Prime, Heart of Downtown San Raphael Investment Offering of a 13 Unit Mixed Used Investment Property! A Current 5.5% CAP Offering with Upcoming & Allowable Increases in 2025 Allowing for Immediate Upside! Owner has Self Managed this Asset with Pride, and has Recently Performed Upgrades to the Property with BRAND NEW Electrical Panels (2024/2025), a New Roof in 2023, & Many Rehabbed Units in Recent Years ranging from New Bathrooms & Kitchens. Property Consists of (4) Long Time Retail Tenants: Amici's Pizza, The SHOP (high end barber shop), Friends Books, and Tibet Shop along with (9) Multifamily Units Consisting of (2) 2bed/1bth Units, (2) 1bed/1bths, & (5) Studio Units. Must See to Appreciate!

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$845 USD /SF

CAP RATE

5.51%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1893

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,578 SF

ZONING

-

APN/PARCEL ID

011-212-17

ASK ABOUT THIS PROPERTY

Neel BhatiaColdwell BankerMore Info
408-828-4024

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Neel BhatiaColdwell BankerMore Info
408-828-4024

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.