For Sale
$2,425,000

2042 4Th StSan Rafael, CA 94901

Prime San Rafael Shopping Center, 6% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a well-maintained, multi-tenant shopping center ideally situated on 4th Street in San Rafael, California's renowned Miracle Mile. Boasting high visibility and traffic, this property offers a compelling return on investment. The 4,366 square foot building sits on an 8,398 square foot lot (APN: 010-282-12) and features a strong tenant base with a remaining lease term of five years. Recent improvements include a new roof (sections in 2022 and 2024), exterior painting (2021), updated signage, a resurfaced parking lot, and renovated bathrooms. The property is zoned for commercial use and offers seller financing, making it an attractive proposition for discerning investors. The current asking price is $2,425,000, projecting a 6% capitalization rate when fully occupied. This established center presents a rare chance to acquire a thriving retail property in a highly desirable location.

Highlights

  • Well-maintained, multi-tenant shopping center in San Rafael, CA's Miracle Mile.
  • 4,366 SF building on an 8,398 SF lot (APN: 010-282-12), high visibility & traffic.
  • Strong tenant base with five years remaining on leases.
  • Recent improvements include new roof (sections 2022 & 2024), exterior painting (2021), updated signage, resurfaced parking lot, and renovated bathrooms.
  • Commercially zoned with seller financing available.
  • Asking price: $2,425,000, projected 6% cap rate at full occupancy.

Property Details for 2042 4Th St

Property type
Lifestyle centers, Power centers

Location Insight

City
San Rafael
County
Marin
State
California
Latitude
37.975352059888
Longitude
-122.54532185684
2042 4Th St, San Rafael, California

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2042 4Th St
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