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    1917 Bridgeway Sausalito, CA 94965

    Sponsored
    For Sale
    $3,400,000

    Prime Sausalito location, multi-tenant retail.

    Property size:
    2,666 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents two buildings situated on two lots in the heart of Sausalito, California, at the corner of Bridgeway and Spring Street. The property encompasses 2,666 square feet and boasts 10 parking spaces, a rare find in this desirable location. Currently housing three commercial tenants, the property offers a strong, stable income stream with 100% occupancy. The tenants include a well-established coffee shop, a spa, and another spa, all with varying lease terms and rent escalation clauses. The coffee shop, operating since 1966, enjoys a long-term lease with a significant rent escalation clause. The property's two buildings were constructed in 1917 and 1931, respectively, and are situated on a 3,000 square foot lot. The asking price is $3,400,000, representing a 5.00% cap rate. The property is offered as a 1031 exchange opportunity. The property's prime location, strong tenant occupancy, and potential for future development make it an attractive investment for discerning buyers. Property taxes for 2022 totaled approximately $35,736, and insurance costs were approximately $9,000. This is a unique chance to acquire a well-established, income-producing property in one of the most sought-after locations in Marin County. The property's address is 1917-1919 Bridgeway, Sausalito, CA 94965. Parcel numbers are 064-141-01 and 064-141-02.

    Property Features for 1917 Bridgeway

    General Information

    Property type
    Restaurants
    Square Feet
    2,666 SF

    Building Details

    Year Built
    1917
    Buildings
    2
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    FRED'S Place Breakfast Restaurant Ocean Spa Massage Spa Health Garden Spa Massage Therapist Oriental Massage Ocean ... Massage Spa

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sausalito
    County
    Marin
    State
    California
    Longitude
    -122.49454635403
    Latitude
    37.861979060188

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    FAQs

    What type of property is this?
    Restaurant - Prime Sausalito location, multi-tenant retail.
    Where is this restaurant located?
    The property is located at 1917 Bridgeway Sausalito, CA.
    What is the asking price?
    The asking price for this property is $3,400,000.
    Request Owner's contact information
    1917 Bridgeway Sausalito, CA 94965
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    Sausalito, CA 94965
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1917 Bridgeway Sausalito, CA 94965
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