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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

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.
More about this property
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