For Sale
$1,350,000

1344 4Th St San Rafael, CA 94901

Historic Charm, High ROI, 3,600 SF

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional San Rafael investment opportunity presents a beautifully preserved 1904 two-story building at 1344 4th St, boasting 3,958 square feet of total space and 3,600 square feet of net rentable area. The property is zoned T4MS 60/80 and offers a compelling blend of retail and executive office space. The ground floor is fully leased as retail, generating strong income. Upstairs, eight private offices with high ceilings are currently occupied by a thriving community of therapists and other professionals. This owner/user opportunity provides a solid 6.37% cap rate, with a current Net Operating Income (NOI) of $86,018.47, making it an attractive investment. The asking price is $1,350,000. Conveniently located in Marin County, the property includes six designated parking spaces, a significant advantage in this desirable area. The building's historic character and strong tenant base combine to create a rare and valuable asset in the vibrant San Rafael market. This property is ideal for an owner-user seeking a combination of income-generating retail space and high-quality office accommodations, or for an investor looking for a strong return on investment in a prime location. The property's address is 1344 4th St, San Rafael, CA 94901, APN 011-205-13.

Highlights

  • $1,350,000 asking price for a 3,958 SF retail and office building.
  • 6.37% cap rate with a $86,018.47 NOI.
  • 3,600 square feet of net rentable space.
  • Located at 1344 4th St, San Rafael, CA 94901 (APN 011-205-13).
  • Features six designated parking spaces.
  • Built in 1904, two-story building with T4MS 60/80 zoning.

Property Details for 1344 4Th St

Property type
Retail properties, Office properties
Square Feet
3,958 SF
Year Built
1904
Stories
2

Location Insight

City
San Rafael
County
Marin
State
California
Latitude
37.9736035
Longitude
-122.5317914

FAQs

What type of property is this?
Retail property - Historic Charm, High ROI, 3,600 SF
Where is the retail property located?
The property is located at 1344 4Th St San Rafael, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: $1,350,000 asking price for a 3,958 SF retail and office building.; 6.37% cap rate with a $86,018.47 NOI.; 3,600 square feet of net rentable space.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1344 4Th St
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