724 4Th StSan Rafael, CA 94901

Property Details for 724 4Th St

Year built

1918

Lot size

0.23 AC

Property size (Sq ft)

9,856 SF

Property type

Other commercial real estate

APN

011-227-06

APU

1122706

Description

This exceptional 9,848 square foot executive office building, located at 724 4th St in San Rafael, CA 94901, presents a unique investment opportunity. Built in 1918 and extensively renovated in 2007, the property boasts 10-foot ceilings in the office areas and numerous skylights, creating a bright and inviting atmosphere. The building features approximately 14 private offices or treatment rooms, a large exercise therapy space, a hydrotherapy room (currently used as storage), two meeting rooms, two conference rooms, a copy room, a kitchen area, and ample restroom facilities. Men's and women's locker/sauna/steam rooms, each with toilet facilities and a shower, are also included. The property is fully sprinklered and equipped with HVAC throughout, and was constructed with ADA compliance in mind. Seismically reinforced during the 2007 remodel, the building also features a new single-ply roof. The extensive glass line along 4th Street offers high visibility and makes the south-facing portions ideal for retail use. Situated in the downtown core, this property enjoys close proximity to Highway 101 and public transportation. The lot size is 10,000 square feet, and the asking price is $3,200,000 ($324.94 per square foot). The lease is a modified type and expires on December 30, 2024. The property's Assessed Parcel Number (APN) is 011-227-06. This is a rare opportunity to acquire a well-maintained, versatile property in a highly desirable location.

• Alternative Use

  Use

  Valuation

  Residential

  $3,095,033

  Hospitality

  $2,835,033

  Educational

  $2,358,714

  Medical

  $2,439,834

  Retail

  $3,669,111

Location Insight

City

San Rafael

County

Marin

State

California

Latitude

37.9728

Longitude

-122.523

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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