24 Professional Center Pky - Medical FOR SALE


San Rafael, CA 94903- Smith Ranch
$2,400,000 USD
415-236-3767
24 Professional Center Pky, San Rafael, CA for Sale
$2,400,000 USD
Medical - FOR SALE
1/49
null | Request Cap Rate

24 Professional Center Pky
San Rafael, CA 94903
Smith Ranch


HIGHLIGHTS

  • 14,876 SF two-story Class B office building on two contiguous parcels totaling 42,039 SF — zoned Office (O)permitting medical and professional uses
  • Diverse tenant mix including law firms, medical practices, a software company, and an upscale specialty salon providing stable in-place cash flow
  • Elevator-served building with 36 on-site parking spaces (10 covered), covered patio, carport, and balcony across three levels
  • All-redwood exterior siding on all four elevations — naturally durable, decay-resistant, and low maintenance, well-suited to Marin County's climate
  • Immediate access to U.S. Route 101 in both directions — approximately 25–30 minutes to San Francisco via the Golden Gate Bridge, one mile north of the
  • Directly across Highway 101 from the planned Northgate Town Square — a major mixed-use redevelopment serving as a significant long-term demand

OVERVIEW

Pacific West Advisory Group is pleased to present 24 Professional Center Parkway, a well-maintained, two-story Class B office building totaling 14,876 square feet situated on two parcels comprising 40,725 square feet in the heart of North San Rafael's established professional corridor. Zoned Office (O) by the City of San Rafael, the property accommodates a wide range of uses including medical, and is currently occupied by a diverse mix of professional tenants including law firms, medical offices, a software company, and an upscale specialty salon — providing stable in-place income with flexibility for future repositioning or owner occupancy. All four elevations feature exterior siding constructed of redwood, a premium and naturally durable material highly resistant to decay and dry rot, well-suited to Marin County's climate and offering long-term performance with reduced exterior maintenance concerns. The elevator-served building includes 36 on-site parking spaces, 10 of which are covered. Positioned with immediate access to U.S. Route 101 in both directions and located approximately one mile north of the iconic Marin County Civic Center, the property benefits from exceptional regional connectivity — approximately 25–30 minutes to San Francisco via the Golden Gate Bridge. The surrounding area is home to established medical, legal, and financial service providers, and the property sits directly across from the planned Northgate Town Square, a major mixed-use residential and retail redevelopment that is expected to significantly strengthen long-term demand in the corridor. Located within Marin County's desirable suburban office market, the property serves a trade area with an average household income exceeding $137,000 within 0.3 miles and an average home value surpassing $731,000. This offering represents a compelling opportunity for an owner-user, nonprofit organization, or investor seeking a strategic Marin County foothold with strong demographics, immediate highway access, and meaningful long-term upside.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$161 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,039 SF

ZONING

O, San Rafael

APN/PARCEL ID

155-071-24,155-071-25

ASK ABOUT THIS PROPERTY

Oleg VerbitskiEngel & VolkersMore Info
415-236-3767

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Oleg VerbitskiEngel & VolkersMore Info
415-236-3767

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