499-503 Magnolia Ave - Storefront Retail/Residential FOR SALE


Larkspur, CA 94939- Outer San Rafael/Larkspur
$3,495,000 USD
415-531-9594
499-503 Magnolia Ave, Larkspur, CA for Sale
$3,495,000 USD
Storefront Retail/Residential - FOR SALE
1/59
null | Request Cap Rate

499-503 Magnolia Ave
Larkspur, CA 94939
Outer San Rafael/Larkspur


HIGHLIGHTS

  • Prime downtown Larkspur location on historic Magnolia Avenue.
  • Prominent corner frontage with exceptional visibility and consistent pedestrian traffic.
  • Two dedicated parking spaces with separate garages.
  • Steps from the Lark Theater, boutique shopping, restaurants, and neighborhood amenities.
  • Immediate upside from vacant rear property located at 115 Ward Street
  • Minutes from the Larkspur Ferry Terminal and Highway 101.

OVERVIEW

Rare opportunity to acquire a well-located mixed-use asset with stable in-place income in the heart of downtown Larkspur's historic Magnolia Avenue corridor. Situated on a prominent corner just steps from the iconic Lark Theater, and surrounded by boutique retailers, acclaimed restaurants, and neighborhood amenities, the property offers convenient access to the Larkspur Ferry Terminal and Highway 101.The offering comprises four buildings totaling 3,736 SF on a 7,500 SF lot, zoned SD (Storefront Downtown) with historic designation. The Magnolia Avenue frontage is occupied by two established, long-term retail tenants providing immediate cash flow from a highly visible, pedestrian-oriented location. 115 Ward Street, a vacant standalone building at the rear of the property, is classified as residential, but was previously used as an office. Additional features include two dedicated parking spaces with garages and private courtyard storage. Located in one of Marin County's most walkable districts, this is a compelling investment opportunity with long-term upside.

FOR SALE DETAILS

PRICE

$3,495,000 USD

PRICE/SF

$767 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,492 SF

ZONING

DH, Larkspur

APN/PARCEL ID

020-261-04

ASK ABOUT THIS PROPERTY

Frank VillanuevaCompassMore Info
415-531-9594

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Frank VillanuevaCompassMore Info
415-531-9594

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