170 E BLITHEDALE AVE Mill Valley, CA 94941

Located at 170-176 Blithedale Ave + 21 Grove St, Mill Valley, CA 94941, this rarely available four-unit retail property is for sale. The property has a size of approximately 2,746 square feet across the four units and sits on a land area of approximately 6,534 square feet, which is about 0.15 acres. Built in 1902, the property is zoned C-L (Limited Commercial). The occupancy is currently at 50%. The property features a corner location at the intersection of Blithedale Ave and Grove St, along with a 12-space private parking lot. Two units will be delivered vacant at the close of escrow. Significant owner upgrades have been made to Suites 176 and 21 Grove, including new flooring, finishes, a washer/dryer, a shower, and a kitchenette. The C-L zoning permits retail, office, live-work (with a Conditional Use Permit), and mixed-use. There is vertical development potential up to 35 feet, subject to buyer verification. Current tenants include: Suite 170 (approximately 687 square feet), occupied by a salon on a month-to-month lease at $2,300 per month (including $150 for utilities); and Suite 174 (approximately 580 square feet), occupied by an insurance agency with a few months remaining on the lease at approximately $2,300 per month (including $150 for utilities). Suite 176 (approximately 662 square feet) and 21 Grove St (approximately 817 square feet) are owner-occupied and will be delivered vacant at close.