2042 4Th StSan Rafael, CA 94901

Property Details for 2042 4Th St

Year built

1952

Lot size

0.19 AC

Property size (Sq ft)

4,366 SF

Property type

Other commercial real estate

APN

010-282-12

APU

1028212

Description

This exceptional investment opportunity presents a well-maintained, multi-tenant shopping center ideally situated on 4th Street in San Rafael, California's renowned Miracle Mile. Boasting high visibility and traffic, this property offers a compelling return on investment. The 4,366 square foot building sits on an 8,398 square foot lot (APN: 010-282-12) and features a strong tenant base with a remaining lease term of five years. Recent improvements include a new roof (sections in 2022 and 2024), exterior painting (2021), updated signage, a resurfaced parking lot, and renovated bathrooms. The property is zoned for commercial use and offers seller financing, making it an attractive proposition for discerning investors. The current asking price is $2,425,000, projecting a 6% capitalization rate when fully occupied. This established center presents a rare chance to acquire a thriving retail property in a highly desirable location.

• Alternative Use

  Use

  Valuation

  Residential

  $1,371,034

  Hospitality

  $1,255,860

  Educational

  $1,044,861

  Medical

  $1,080,795

  Retail

  $1,625,339

Location Insight

City

San Rafael

County

Marin

State

California

Latitude

37.9754

Longitude

-122.545

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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