242 Shoreline Hwy - Auto Repair FOR SALE


Mill Valley, CA 94941- Almonte
$5,500,000 USD
415-236-3767
242 Shoreline Hwy, Mill Valley, CA for Sale
$5,500,000 USD
Auto Repair - FOR SALE
1/37
null | 4.5% Cap Rate

NEW


242 Shoreline Hwy
Mill Valley, CA 94941
Almonte


HIGHLIGHTS

  • 242 Shoreline Hwy consists of a building that is 3,700 sq ft on 13,318 sq ft lot with 67 feet frontage on Shoreline highway
  • Owner has authorization from the County of Marin to build an additional 1,500 sq ft building on the south side of the rear lot area
  • The tenant for the front retail/office space (1,370 sq ft) remodeled the space approximately 1 1/5 years ago
  • The back lot space has been elevated and repaved and has not flooded
  • The business operates out of the back 2,355 square feet of the building including an office and work area with 3 lifts and storage
  • MVAS has been in business at this location for 11 years

OVERVIEW

Pacific West Advisory Group is pleased to present the rare opportunity to acquire a two-unit retail building with an established automotive repair business in the heart of the high-traffic Tam Valley/Mill Valley retail corridor. This prime location sits directly on Shoreline Highway, the main connector to Highway 101, Mill Valley, Muir Woods, and Stinson Beach, with over 32,285 vehicles passing daily.This ±3,700 SF two-unit building sits on a large ±13,318 SF lot with parking, storage, and expansion potential. The front ±1,380 SF retail/office space was fully renovated in 2022, while the rear automotive service area (renovated in 2016) includes office, lobby, restroom, work area with roll-up door, lifts, and storage. The sale includes the real estate, land, and an established automotive repair business with name, customer base, phone, and website. Permitted rights to build an additional ±1,500 SF building add long-term value. Located just one mile from Highway 101 and downtown Mill Valley, this high-traffic location serves customers from southern Marin and San Francisco, and offers investors or owner-users a rare chance to continue a successful operation or redevelop for future growth.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$1,726 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

CP

APN/PARCEL ID

052-052-09

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.