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Mixed-Use

Auction - Signalized Hard Corner 10K SF MF and Commercial Building | 36K VPD | San Francisco MSA

802 B St, San Rafael, CA 94901

Listing Price: $800,000

Number of Units
6
Occupancy
95.0%
Price/Unit
$133,333
Price/Gross SF
$76.28
Gross SF
10,488

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace

Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire 802 B Street (the “Property”), a boutique mixed-use property situated in downtown San Rafael, California. The Property offers a gross building area of 10,488 square feet, including (2) 1 Bedroom/1 Bath units, (4) Studio/1 Bath units, and approximately 5,924 square feet of commercial space. The commercial space will be delivered vacant, offering owner/user opportunities for a new owner, or benefiting from strong leasing demand in the revitalized downtown district. Downtown San Rafael stands to benefit from a new 140-room AC Marriot Hotel and major expansions of the BioMarin campus. San Rafael is the largest city in Marin County offering numerous local employment opportunities, in addition to providing an easy commute to San Francisco.

802 B Street is located on a 4,836 square foot lot and has benefitted from recent upgrades and improvements. The transit-oriented location provides tenants convenient access to the downtown San Rafael SMART Train station and bus depot, as well as quick access to Highway 101. The six residential units, which are fully leased, provide approximately 14.0% in rental upside achievable through more active management. The 5,924 square feet of commercial space allows for single or multi-tenant occupancy, offering additional upside in rental income. In addition, all units have private storage units, individual water heaters, central air conditioning, and off-site covered parking spaces.

This is a rare opportunity for an investor to own an excellent, well-located mixed-use building in a desirable downtown location. The property is currently cash flowing and has the potential to generate significant income with the right tenant(s) in the commercial space.

Investment Highlights

  • STARTING BID $800,000 | 10,488 SF Multi-Family and Commercial Building | 36K VPD | San Francisco MSA | AUCTION MARCH 4-6, 2024
  • Six Residential Units and 5,924 SF of Flexible Commercial Space
  • Five Blocks From SMART Train Station
  • Lower-Level Commercial Benefits from Daily Traffic Counts of 36,094 VPD
  • Revitalized Downtown San Rafael District, including AC Marriot and BioMarin Development Projects
  • Excellent Demographics – 139,549 People and AHHI of $126,156 with Home Values Averaging $1.2M (5-Mile Radius)

Exclusively Listed By

Broker of Record

  • Ramon Kochavi

    First Vice President / District Manager

    (650) 391-1700

    License(s) CA: 01329267

    California

Mixed-Use

Auction - Signalized Hard Corner 10K SF MF and Commercial Building | 36K VPD | San Francisco MSA

Listing Price: $800,000

Number of Units
6
Occupancy
95.0%
Price/Unit
$133,333
Price/Gross SF
$76.28
Gross SF
10,488

Investment Highlights

  • STARTING BID $800,000 | 10,488 SF Multi-Family and Commercial Building | 36K VPD | San Francisco MSA | AUCTION MARCH 4-6, 2024
  • Six Residential Units and 5,924 SF of Flexible Commercial Space
  • Five Blocks From SMART Train Station
  • Lower-Level Commercial Benefits from Daily Traffic Counts of 36,094 VPD
  • Revitalized Downtown San Rafael District, including AC Marriot and BioMarin Development Projects
  • Excellent Demographics – 139,549 People and AHHI of $126,156 with Home Values Averaging $1.2M (5-Mile Radius)

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire 802 B Street (the “Property”), a boutique mixed-use property situated in downtown San Rafael, California. The Property offers a gross building area of 10,488 square feet, including (2) 1 Bedroom/1 Bath units, (4) Studio/1 Bath units, and approximately 5,924 square feet of commercial space. The commercial space will be delivered vacant, offering owner/user opportunities for a new owner, or benefiting from strong leasing demand in the revitalized downtown district. Downtown San Rafael stands to benefit from a new 140-room AC Marriot Hotel and major expansions of the BioMarin campus. San Rafael is the largest city in Marin County offering numerous local employment opportunities, in addition to providing an easy commute to San Francisco. 802 B Street is located on a 4,836 square foot lot and has benefitted from recent upgrades and improvements. The transit-oriented location provides tenants convenient access to the downtown San Rafael SMART Train station and bus depot, as well as quick access to Highway 101. The six residential units, which are fully leased, provide approximately 14.0% in rental upside achievable through more active management. The 5,924 square feet of commercial space allows for single or multi-tenant occupancy, offering additional upside in rental income. In addition, all units have private storage units, individual water heaters, central air conditioning, and off-site covered parking spaces. This is a rare opportunity for an investor to own an excellent, well-located mixed-use building in a desirable downtown location. The property is currently cash flowing and has the potential to generate significant income with the right tenant(s) in the commercial space.

Exclusively Listed By

Broker of Record

  • Ramon Kochavi

    First Vice President / District Manager

    (650) 391-1700

    License(s): CA: 01329267

    California

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