5 Commercial BlvdNovato, CA 94949

Property Details for 5 Commercial Blvd

Lot size

1.06 AC

Property type

Commercial real estate

APN

157-421-31

APU

15742131

Description

This exceptional 18,895-square-foot executive office building is situated on a 1.31-acre lot in Novato, California's desirable Bel Marin Commerce Park. The property, located at 5 Commercial Blvd, boasts a spacious layout encompassing approximately 10,500 square feet of first-floor office space and an additional 8,300 square feet on the second floor. A key feature is a second-story outdoor deck offering scenic views of Arroyo San Jose Creek. Completely renovated in 2020, this building presents a modern and efficient workspace. The asking price is $3,950,000, translating to $209 per square foot. The property's APN is 157-421-31, and it is zoned PD, as part of the Bel Marin Commerce Park Planned Division. This flexible zoning allows for a variety of uses, including potential conversion to research and development or warehouse space, presenting significant future development opportunities. The property offers a unique blend of modern amenities and versatile zoning, making it an ideal investment for owner-users seeking a high-quality office space or those looking for a flexible commercial property with significant upside potential. This is a rare opportunity to acquire a well-maintained, renovated property in a prime location.

• Alternative Use

  Use

  Valuation

  Residential

  $14,508,908

  Hospitality

  $13,290,081

  Educational

  $11,057,192

  Medical

  $11,437,466

  Retail

  $17,200,076

Location Insight

City

Novato

County

Marin

State

California

Latitude

38.0688

Longitude

-122.534

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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