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7299 Redwood Blvd

0.93 Acres of Commercial Land Offered at £1,488,270 in Novato, CA 94945

Investment Highlights

  • A prominent suburban downtown site
  • Compelling neighborhood demographics
  • Walk to abundant restaurants, shops, SMART Commuter Rail Station

Executive Summary

Newmark is pleased to present an exclusive opportunity to purchase a prominent, infill development site in downtown Novato, California. Known locally as the “former Mission Lodge site,” the 0.92-acre vacant parcel is extremely well-located. Boasting a “walk score” of 91 out of 100, the site is near numerous cafes, boutiques, restaurants and is within one-half mile of Whole Foods, Trader Joes and the newly opened Novato Downtown SMART commuter rail station. Current zoning allows a variety of commercial uses, but the site also represents a re-entitlement opportunity for multifamily / mixed-use development, especially given severe housing shortages and pressure the City now faces to meet its state-mandated RHNA target and deadline – requiring the City to identify sites for 2,000+ new housing units by January 2023.
The site is being offered at a price of $2,250,000. Please contact listing agents for details

Attachments

Novato_Redwood Blvd_7299_02.24.23

Property Facts Under Contract

Price £1,488,270 Property Subtype Commercial
Sale Type Investment Proposed Use Commercial
No. Lots 1 Total Lot Size 0.93 AC
Property Type Land
Price £1,488,270
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 0.93 AC

1 Lot Available

Lot

Price £1,488,270 Lot Size 0.93 AC
Price Per AC £1,600,290
Price £1,488,270
Price Per AC £1,600,290
Lot Size 0.93 AC

Prime Infill Development Site in Marin County, California.

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7299 Redwood Blvd, Novato, CA - aerial map view
Walk Score ®
Walker's Paradise (90)
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

PROPERTY TAXES

Parcel Numbers
Multiple
  • 141-303-07
  • 141-303-06
 Improvements Assessment £0
Land Assessment £290,941 Total Assessment £290,941

PROPERTY TAXES

Parcel Numbers
Multiple
  • 141-303-07
  • 141-303-06
Land Assessment
£290,941
Improvements Assessment
£0
Total Assessment
£290,941

zoning

Zoning Code CG
CG
(707) 888-1854

Contacts

  • Listing ID: 25592249

  • Date on Market: 29/04/2022

  • Last Updated:

  • Address: 7299 Redwood Blvd, Novato, CA 94945

The Land Property at 7299 Redwood Blvd, Novato, CA 94945 is currently available for sale. Contact Newmark for more information.

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7299 Redwood Blvd
(707) 888-1854 x

7299 Redwood Blvd

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Ron Reinking

(707) 888-1854

(707) 888-1854

Jay Cross

(415) 602-3900

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