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Miracle Mile Plaza 2042-2056 4th St

4,366 SF 100% Leased Retail Building San Rafael, CA 94901 £1,902,194 (£436/SF) 6.23% Net Initial Yield

Investment Highlights

  • new roof
  • updated bathroom
  • resurfaced and re-striped parking lot
  • seller financing
  • well established businesses

Executive Summary

Well maintained and well established commercial units. Located in a highly visible, high traffic area on 4th Street within the famous Miracle Mile. Great investment opportunity. New roof 2022 and other part of roof 2024, exterior painted 2021, new signage, resurfaced parking lot, updated bathrooms.
Seller financing available @ 5% for 5 years, w/down payment of 30%+.

Attachments

2042 4th Street OM_1124

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,366 SF
Building Class
C
Year Built
1952
Price
£1,902,194
Price Per SF
£436
Net Initial Yield
6.23%
NOI
£118,446
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.53
Land Acres
0.19 AC
Zoning
San Rafael - Commercial
Parking
9 Spaces (2.06 Spaces per 1,000 SF Leased)
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2042-2056 4th St, San Rafael, CA - aerial map view
Walk Score ®
Very Walkable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

IHOP
iLoveKickboxing
Storagepro
Chase Bank
Jazzercise
Grocery Outlet
Andronico's Community Markets
First Republic Bank
Umpqua Bank
EverBank

PROPERTY TAXES

Parcel Number 010-282-12 Improvements Assessment £671,613
Land Assessment £892,510 Total Assessment £1,564,123

PROPERTY TAXES

Parcel Number
010-282-12
Land Assessment
£892,510
Improvements Assessment
£671,613
Total Assessment
£1,564,123
(707) 695-6172

  • Listing ID: 32459819

  • Date on Market: 14/07/2024

  • Last Updated:

  • Address: 2042-2056 4th St, San Rafael, CA 94901

The Retail Property at 2042-2056 4th St, San Rafael, CA 94901 is currently available For Sale. Contact Navigate RE for more information.

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2042-2056 4th St, San Rafael, CA for sale Building Photo- Image 1 of 7
2042 4th St Drone Photos - Low Res-2
2042-2056 4th St, San Rafael, CA for sale Building Photo- Image 2 of 7
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2042-2056 4th St, San Rafael, CA for sale Building Photo- Image 3 of 7
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2042-2056 4th St, San Rafael, CA for sale Building Photo- Image 4 of 7
2042 4th St Drone Photos - Low Res-13
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© 2024 CoStar Group

Miracle Mile Plaza | 2042-2056 4th St
(707) 695-6172 x

Miracle Mile Plaza | 2042-2056 4th St

Denise Kilker

(707) 695-6172

(707) 695-6172

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