Mill Valley CA Real Estate & Commercial for Sale

407 Maple Street presents a rare opportunity to acquire a boutique rental community located in Mill Valley, a charming city located in Marin County, CA. This property sits on an ample 7,750 square-foot lot with a net retable square footage of 2,834 (per county assessor). Built in 1967, the property is comprised of a mix of recently renovated studio and one-bedroom floor plans with plenty of tuck under and street parking. The unit mix consists of five (5) studios and one (1) one-bedroom/one-bathroom unit. Assumable financing with Chase Bank at 3.13% for 3 years.

Probably to most recognizable downtown Mill Valley property. Anchored by 3 long term ground floor retail tenants. Spectacular second floor office is vacant and is ready to be leased or occupied by a new owner. The City might consider an apartment conversion for the second floor. Confirm directly with the City. Large basement appears to be occupied exclusively by Equator Coffee.

Vacant lot classified Industrial and other similar uses.!.96 acres located within less than a mile from freeway 44 and a few miles from interstate 5Perfect for storage facility (heavy construction machinery, roll-away trash bins, trucking, agriculture and tractor implements...etc

Property includes 4,419 square feet of boutique office space on a large 24,225SFparcel, making it an ideal choice for both owner/users and investors. Designation as one of Mill Valley's preferred development sites, allowing for the development of Mill Valley's premier residential properties in the future. For investors or an owner/user, this represents a rare chance to secure the finest boutique owner/user office building in Mill Valley's best location. Its serene and private Redwood Grove setting, mere steps away from Mill Valley's Lytton Square and Mill Valley Depot Caf, offers unmatched appeal. Developers, on the other hand, will find the property to be a coveted in-fill location in downtown Mill Valley, presenting a rare opportunity to build within the City's core downtown location. Current Mill Valley development guidelines, allowing for a maximum density of up to twenty residential units. The final count will depend on design and consultation with the City of Mill Valley, although there are currently no specific plans or development proposals in place. This is an exceptional opportunity for owner/users, investors, and developers alike.

In the Heart of Mill Valley 1 block from Mill Valley Lumber and 3 blocks to downtown sits 2 Homes totaling 4,095 sqft on one lot with a retail space option! Renovated in 2011, both homes are move-in ready and have tons of potential for enlarging and customizing. The 2915 sqft home was completely redone and has radiant heating, ADA, sprinklers, lots of storage, and 1 off-street parking spot. The 865 sqft Cottage was modestly updated and last rented for $4,500. 'Limited commercial' zoning means that either or both homes can have a small to large retail business run out of them. Main house was last used as live/work office space; cottage once had a seamstress shop in the street-side room.

3-Buildings 24 or 48-Units 15,148 Square Feet Total First-Time on the Market in 50-Years LOTS of Potential Uses INVESTORS ... good cash-flow and 5% Cap-Rates with the current Tenants INVESTORS #2 ... 10% Cap-Rates by converting back to market-rate housing INVESTORS #3 ... Convert to affordable condos to sell individually or make into live/work spaces ... over $3-million upside potential YMBY (YES in My Backyard) ... Non-Profit Groups - convert to housing for Disabled Veterans, or other vital programs YMBY #2 ... Potential to double the number of units to 48 studio apartments ... upstairs units can be adapted to have separate entrances ... see the Matterport Tour for a sample of an upstairs studio COMPANY HEADQUARTERS ... High-Visibility Location, excellent parking, campus-like setting and immediate access to Highway-101 make this an interesting option. A FEW NUMBERS : $100,000 or $200,000 per unit 24-units (1-bedroom) or 48-units (studio apartments) Possibly build more units 3 buildings - about 5,000 square feet per building The asking price is $318 per square foot, which is way below what it would cost to build in today's market OK to drive around the buildings - but, please DO NOT ENTER BUILDINGS or DISTURB TENANTS