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Listed by Dimitri Rigopoulos Vanguard Properties
$ 1,298,000
Est. payment /mo
Active
2018 4th ST San Rafael, CA 94901
3,250 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 3,250 sqft
Price per Sqft $399
MLS Listing ID 326052192
HOA Y/N No
Year Built 1949
Lot Size 3,999 Sqft
Acres 0.0918
Property Sub-Type Retail
Property Description
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 $79,000 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.
Location
State CA
County Marin
Area San Rafael
Zoning Commercialnec
Interior
Cooling Central Air
Flooring Concrete
Fireplace No
Window Features Display Window(s)
Exterior
Utilities Available Underground Utilities, Sewer Connected
Total Parking Spaces 3
Building
Lot Description City Lot
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 01028217
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Listing Terms Submit
