242 Shoreline Hwy - Auto Repair FOR SALE


Mill Valley, CA 94941
$5,500,000 USD
415-236-3767
242 Shoreline Hwy, Mill Valley, CA for Sale
$5,500,000 USD
Auto Repair - FOR SALE
1/31
null | 4.5% Cap Rate

242 Shoreline Hwy
Mill Valley, CA 94941


HIGHLIGHTS

  • Great Mill Valley location with high foot and vehicle traffic
  • The automotive business is sold in conjunction with real estate and generates more than $900k of annual income
  • Owner has authorization from the County of Marin to build an additional 1,500 sq ft building on the south side of the rear lot area

OVERVIEW

Pacific West Advisory Group is excited to present this opportunity to purchase a 2-unit retail building in the prime Mill Valley retail corridor. This location provides fantastic foot and vehicle traffic and allows a new owner to capture an audience commuting to and from San Francisco and Sonoma, as it sits on the main access to Highway 101. This is an opportunity to purchase an established automotive repair business and building and land in the high traffic and high visibility Tam Valley market only 1 mile from Highway 101 (south) and Mill Valley (north) MVAS services vehicles from southern Marin and San Francisco. The building is 3,700 SF and the parcel is 13,318 SF, and the sale comes with the permitted right to build an additional 1,500 SF building. The sale includes a newly refurbished and remodeled 1,380 SF of front retail or office space, and the back of the building housing the automotive business with Office, lobby and restroom. The automotive repair component has an open work area with a roll up door, automotive lifts and storage. The lot has open space for parking and storage. In addition, the name, customer list, phone number, web site and all related assets of the business are included in the sale. The back of the building was renovated in 2016 and the front space in 2022. Over 32,285 vehicles pass by the property daily, as Shoreline Highway is the route to Mill Valley, Muir Woods, and Stinson Beach. The property is in the County of Marin (not the city of Mill Valley) and is zoned Planned Commercial (PC). This is an opportunity for an owner-user or an investor looking to operate and expand an existing successful business or to redevelop the property for another use. Given the rare and desirable attributes of the business and property, it has potential for more growth and revenue for the existing automotive repair use or as a development opportunity in the future.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$1,726 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

CP

APN/PARCEL ID

052-052-09

ASK ABOUT THIS PROPERTY

Oleg VerbitskiBerkshire Hathaway HomeServices Drysdale PropertieMore Info
415-236-3767

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Oleg VerbitskiBerkshire Hathaway HomeServices Drysdale PropertieMore Info
415-236-3767

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