700 E St - Loft/Creative Space FOR SALE


San Rafael, CA 94901- Gerstle Park
$1,730,000 USD
510-734-5327
700 E St, San Rafael, CA for Sale
$1,730,000 USD
Loft/Creative Space - FOR SALE
1/16
null | 5.49% Cap Rate

700 E St
San Rafael, CA 94901
Gerstle Park


OVERVIEW

Welcome to 700 E St, an outstanding investment opportunity in the heart of San Rafael! This prime property is 90% rented, generating an impressive monthly income. Key Features include: Strong Occupancy: With most of the units rented, this property provides a reliable and steady income. Zoning Advantages: Zoned T4N, this property benefits from a flexible, mixed-use designation that supports redevelopment with a variety of uses within a beautiful neighborhood setting. The T4N 40/50 zoning allows for additional uses making it ideal for a creative mixed use future. Strategic Location: Situated within a moderate-intensity, mixed-use neighborhood, within a short distance to neighborhood retail and services. This zone provides a seamless transition between the bustling downtown and a serene neighborhood. Excellent potential as is, excellent potential for redevelopment.

FOR SALE DETAILS

PRICE

$1,730,000 USD

PRICE/SF

$367 USD /SF

CAP RATE

5.49%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

T4N 40/50

APN/PARCEL ID

012-071-07

ASK ABOUT THIS PROPERTY

Daniel RogersColdwell Banker Commercial NRTMore Info
510-734-5327

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

Daniel RogersColdwell Banker Commercial NRTMore Info
510-734-5327

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