700 E St - Loft/Creative Space FOR SALE


San Rafael, CA 94901- Gerstle Park
$1,535,500 USD
510-734-5327
700 E St, San Rafael, CA for Sale
$1,535,500 USD
Loft/Creative Space - FOR SALE
1/16
null | 6.63% Cap Rate

700 E St
San Rafael, CA 94901
Gerstle Park


OVERVIEW

700 E Street presents a rare opportunity for both owner-users and developers in the heart of San Rafael. This ±4,700 square foot office/flex building sits on a generous ±9,374 square foot lot and is divided into 5 separately metered suites, with a total of 20 small-format offices, many featuring modern updates such as LED lighting, vinyl plank flooring, and dual-pane windows. With a Walk Score® of 96, the property offers immediate access to downtown restaurants, shops, and services, plus proximity to SMART rail and major highways for regional connectivity. For owner-users, the building provides the ideal platform to establish a headquarters, medical office, or professional practice. Occupy the space you need and lease the balance to generate steady income, offsetting mortgage costs. With a recent appraisal above asking (May 2024) and SBA financing available with as little as 10% down, the property is exceptionally well positioned for small business acquisition and long-term stability. Twenty dedicated on-site parking spaces—a rarity in downtown San Rafael—add significant value and convenience for clients, staff, and visitors. For developers and investors, the site offers compelling upside. The flexible T4N 40/50 zoning allows for a broad range of uses, including office, medical, retail, and residential. This transitional mixed-use designation encourages creative repositioning and redevelopment, making the property a strong candidate for future value creation. Current tenancy is primarily month-to-month, generating holding income while allowing maximum flexibility for a buyer to implement their vision. Whether reimagined as a mixed-use development, held as a stable income-producing asset, or customized as a flagship office location, 700 E Street delivers multiple exit strategies. Its combination of location, zoning, and functionality makes it a strategic acquisition for today with long-term growth potential. Highlights include: ±4,700 SF building on ±9,374 SF lot 20 small-format offices, many with modern upgrades 20 rare dedicated on-site parking spaces Flexible T4N 40/50 zoning supporting mixed-use redevelopment Primarily month-to-month tenants providing income and flexibility SBA financing potential with as little as 10% down Walk Score® 96, steps from downtown San Rafael amenities Recent appraisal above asking price (May 2024) 700 E Street represents more than just an office building — it’s a platform for business growth, investment stability, and redevelopment opportunity in one of Marin County’s most dynamic submarkets.

FOR SALE DETAILS

PRICE

$1,535,500 USD

PRICE/SF

$326 USD /SF

CAP RATE

6.63%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

T4N 40/50

APN/PARCEL ID

012-071-07

ASK ABOUT THIS PROPERTY

Daniel RogersC21 Epic Valley Of The MoonMore Info
510-734-5327

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Daniel RogersC21 Epic Valley Of The MoonMore Info
510-734-5327

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