150 Shoreline Hwy - Apartments FOR SALE


Mill Valley, CA 94941- Almonte
$3,500,000 USD
925-595-0422
150 Shoreline Hwy, Mill Valley, CA for Sale
$3,500,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

150 Shoreline Hwy
Mill Valley, CA 94941
Almonte


HIGHLIGHTS

  • Build up to 46-units on almost 1-Acre of level land with spectacular setting and views
  • 46-UNITS of Affordable Housing = dirt cost of $77,000 per unit for a Prime Location in South Marin County
  • Three existing buildings bring in about $30,000 per month in revenue while you are getting permits.
  • The CP zoning allows for RETAIL, FOOD, OFFICES - OR - AFFORDABLE HOUSING
  • High-Traffic and High Visibility with Freeway Frontage
  • Northern California - South Marin County - Mill Valley ... Direct access to Hwy-101

OVERVIEW

MILL VALLEY, Marin County, CA - Super-BARGAIN Property For-Sale … 3-Buildings, total 15,000 Sq Ft, 37,501 Sq Ft Lot, PRIME location with 230-feet of FRONTAGE along Hwy-1/Shoreline Highway ... 100’s of Potential Uses – the CP ZONING Allows For MANY Different Uses ... 24-HOUR ANIMAL HOSPITAL, Office Space, DOCTORS OFFICES, Restaurants, STARBUCKS, YOUTH HOSTEL, Homeless Shelter, AFFORDABLE HOUSING, Live-Work Apartments (business on the lower level and apartment upstairs), CHURCH , Child-Care Center, PRE-SCHOOL, Private School ... current Tenants can bring in $300,000 to $400,000 per year while you are getting permits

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$233 USD /SF

# OF UNITS

24

PRICE/UNIT

$145,833

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

CP, Mill Valley

APN/PARCEL ID

052-371-04

ASK ABOUT THIS PROPERTY

Kevin O'BrienRe/Max AccordMore Info
925-595-0422

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Kevin O'BrienRe/Max AccordMore Info
925-595-0422

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.