1566 4Th St San Rafael, CA 94901

This exceptional mixed-use property, located at 1566-1570-1574 4th St and 100 F St in San Rafael, CA, presents a compelling investment opportunity. The 6,685 square foot building, constructed in 1916, sits on a 6,750 square foot lot and features four units: three retail spaces and 2,320 square feet of flexible commercial space. Currently operating at 50% occupancy, the property boasts a strong pro-forma net operating income (NOI) of $134,308, yielding a pro-forma cap rate of 5.72%. The asking price is $2,350,000, translating to $351.53 per square foot. The building benefits from its prime location on a high-traffic corridor (22,500 vehicles daily), excellent demographics (144,009 residents with an average household income exceeding $122,696 and average home values of $1.2 million), and convenient access to public transportation, including proximity to the SMART Train Station. Two units are currently leased to established businesses: Red Hill Pet and The Kitchen Table (a restaurant). Two vacant units (1570 4th Street and 100 F Street) offer immediate potential for increased rental income. The property is zoned WEV and offers significant upside potential for a savvy investor seeking a strong cash-flowing asset in a thriving San Rafael market. The building is a single-story Class B structure.