Newmark, as exclusive advisor, is pleased to present the opportunity to purchase the fee simple interest in the 10-unit, ±1.13-acre apartment property located
at 1485-1495 Lincoln Avenue in San Rafael, California. This well located infill property features incredible walkability, access to transit and proximity to U.S. Highway 101 in one of the most coveted and supply-constrained locations in the Bay Area.
The property currently contains 10 apartment units within three standalone buildings, with access to the property via two signalized curb cuts at Lincoln Avenue. The property is zoned HR1 (Multifamily Residential District) in the City of San Rafael, with a General Plan Land Use Designation of HDR (High Density Residential) allowing for a base density potential of up ±49 residential units (non-inclusive of any applicable State Density Bonus).