150 Shoreline Hwy - Apartments FOR SALE


Mill Valley, CA 94941- Almonte
$3,750,000 USD
925-595-0422
150 Shoreline Hwy, Mill Valley, CA for Sale
$3,750,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

150 Shoreline Hwy
Mill Valley, CA 94941
Almonte


HIGHLIGHTS

  • Put a STARBUCKS here - this would be an awesome spot for one!!
  • Open House THIS SATURDAY from 1:00pm to 3:00pm
  • Priced WAY, WAY, WAY below replacement cost - we are talking $250 per square foot!!
  • The zoning allows for RETAIL, FOOD, OFFICES - OR - AFFORDABLE HOUSING
  • DEVELOPERS - run the numbers!! LOTS of ways to make a few Million Dollars on this project!!
  • NON-PROFITS - buy this place and make a highly-visible HOME for your programs

OVERVIEW

OPEN HOUSE 1-Day Only - SATURDAY, March 21st from 1:00pm to 3:00 pm ... Opportunity Knocks!! Priced WAY, WAY, WAY below replacement cost - we are talking $250 per square foot!! This property is being sold by the original owner who is retiring after owning this property for over 55-years. This property includes THREE buildings - each is about 5,000 square feet = 15,000 square feet total ... The buildings were originally designed as apartments (each unit had its own bathroom), but have been used as office space for over 5 decades ... Most of the 24 bathrooms are still in place. Comes with up to 50 PARKING SPACES ... The zoning allows for RETAIL, FOOD, OFFICES - OR - AFFORDABLE HOUSING ... this location is UNBELIEVABLY COOL - on the WATERFRONT - spectacular VIEWS and direct access to the Sausalito Trail ... the NEW building next door (156 Shoreline Highway) is setting the precedent for what might be possible to develop here ... DEVELOPERS - run the numbers! NON-PROFITS - buy this place and make a highly-visible HOME for your programs ... 1031-EXCHANGE buyers - park some cash here - the Tenants are on month-to-month leases and would love to stay, giving you cash-flow while you are working on your plans ... Put a STARBUCKS here - this would be an awesome spot for one ... Don't Miss Out On This Insanely Good Deal!! ******** please do not disturb Tenants by going into the buildings - it is OK to drive through the parking lot ******** OPEN HOUSE ... stop by 1-Day Only - SATURDAY, March 21st from 1:00pm to 3:00 pm ...

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$192 USD /SF

# OF UNITS

24

PRICE/UNIT

$156,250

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, Dormitory

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.