29 1st St Corte Madera, CA 94925-1419

This exceptional investment opportunity presents a fully leased, mixed-use building situated at 29 1st Street in the desirable Corte Madera, California. The property boasts a prime location and offers a compelling blend of retail and multifamily components. The building, constructed in 1923, encompasses 6,994 square feet and sits on a 0.61-acre lot. Currently operating at 100% occupancy, the property features four apartment units, generating a substantial Net Operating Income (NOI) of $296,638, resulting in an attractive 4.40% capitalization rate. The asking price for this turnkey investment is $6,500,000. The property is zoned C-1, allowing for a variety of uses. The existing leases are gross leases with a remaining term of 5 years. The property's Assessed Parcel Number (APN) is 025-036-18. This well-maintained building presents a rare opportunity to acquire a high-performing asset in a thriving Marin County location. The property's strong cash flow and prime location make it an ideal addition to any investment portfolio. This is a multi-tenant property.