150 Shoreline Hwy, Mill Valley, CA 94941

$3,500,000
15,148
SqFt

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List Price
$3,500,000
Status
ACTIVE
MLS#
41127842
Price Change
▼ $250,000 1780690844
Year Built
1971
Property Type
Garden Apts
Living Area
15,148
Lot Size
37,501
Acres
0.86
County
Marin
Subdivision
Not Listed

Property Description

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 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 ...

Additional Information

Exterior
Wood Siding
Flooring
Carpet
Lot Description
Level, Premium Lot
Parking Features
Parking Lot, Uncovered Park Spaces 2+
Roof
Composition Shingles
Water Sewer
Public

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Calculator source: Real Geeks

Listing courtesy of Kevin Obrien from RE/MAX Accord. 925-595-0422

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