For Sale
$1,800,000

826 B StSan Rafael, CA 94901

Downtown San Rafael, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional mixed-use property at 826-832 B Street, San Rafael, CA 94901, offers a compelling investment opportunity. The 11,519 square foot building boasts street-level retail space and a substantial single-room occupancy (SRO) component spanning three floors. Currently, the SRO is leased to a local non-profit providing transitional housing, with the lease expiring in November 2025. This presents a unique value-add prospect for an SRO operator or developer seeking to capitalize on the property's potential after lease expiration. The building's strong financial performance is highlighted by an 8.39% cap rate and a net operating income (NOI) of $150,939, with an asking price of $1,800,000 ($156.26/sq ft). Located in the heart of downtown San Rafael, Marin County, this property benefits from excellent visibility and accessibility. The property's APN is 011-262-16. This is a rare chance to acquire a well-situated SRO building in a thriving California market, ripe for repositioning and increased profitability. The current tenant's departure in November 2025 opens the door for significant value creation through strategic redevelopment or repositioning. This property is a strong contender for investors seeking a value-add strategy in a prime location.

Highlights

  • Exceptional mixed-use property at 826-832 B Street, San Rafael, CA 94901.
  • 11,519 square foot building with street-level retail and three-story SRO.
  • Currently leased to a non-profit (lease expires November 2025), offering value-add potential.
  • Strong financials: 8.39% cap rate, $150,939 NOI, $1,800,000 asking price ($156.26/sq ft).
  • Prime downtown San Rafael location with excellent visibility and accessibility (APN 011-262-16).

Property Details for 826 B St

Property type
Specialty properties, Retail properties
Square Feet
11,519 SF

Location Insight

City
San Rafael
County
Marin
State
California
Latitude
37.971839199102
Longitude
-122.52974530422
826 B St, San Rafael, California

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826 B St
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