930 B St | Retail Property | Downtown San Rafael

930 B St San Rafael, CA 94901

930 B St, San Rafael, CA, 94901
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FOR SALE
Property Type:
Street Retail
Amount:
$1,600,000
Last Verified:
Apr 22, 2024

Highlights

  • Located in the Heart of Downtown San Rafael, Surrounded by Exceptional Amenities and Employers
  • Ground Floor Retail Space with Upper Level, Lower Level, and Basement Level Storage Space. Vacant at Close of Escrow - Outstanding Owner/User Potential
  • Parking Lot with 3 Spaces, Dedicated to the Property
  • New HVAC, AC, Furnace, and Upgraded Skylights. Water Heater Maintenance was Recently Completed and in Good Standing

Description

930 B Street is an excellently maintained commercial property, accessibly located in the heart of downtown San Rafael. The building is currently used as an art gallery, consisting of a ground floor retail showroom/gallery, an upper level office/gallery with a restroom, a lower level library/gallery, and a spacious SF basement/storage space. The rear of the property has a dedicated three-car parking lot with direct access to the lower level. The property will be delivered vacant upon close of escrow, making it an excellent option for owner/users and investors.

The property is located in the heart of Downtown San Rafael within the State designated Cultural Arts District. It is near Interstates 580/80, Highways 101/1, the Larkspur Ferry, and Marin’s SMART Train. San Rafael is an outstanding hub with equally convenient access to San Francisco, the East Bay, and Sonoma County. It is within a short walk of Vivalon’s new development, BioMarin’s North American HQ and a number of new mixed-use and residential developments. Flexible zoning allows for uses that offer shopping, food, and services, including civic, institutional, and maker/craft/ artisan businesses.

The investment appeal of this property is its excellent location in Downtown San Rafael and in relation to the rest of the Bay Area.

San Rafael is Marin County’s oldest, largest, and most culturally diverse city. It is one of the Bay Area’s most beautiful cities; there is a thriving natural environment to enjoy outdoor recreation. Marin County is also home to some of the best schools in California, as well as the current North American HQ for BioMarin, a major international pharmaceutical corporation.

Downtown San Rafael is awash in new development, most notable of which include BioMarin’s expansion senior housing development at 999 3rd Street and 755 Lindaro Street, a new 140-room Marriott hotel at 1201 5th Street, and a 120-unit mixed-use property at 703 3rd Street.

In addition to its many amenities, like the new SMART train, San Rafael also has a rich history dating back to the founding of Marin County in 1856. Today, the city is a thriving community which makes it an excellent location for retailers.

San Rafael is an ideal location for those who want to live in a smaller city with convenient access to all that the Bay Area has to offer. It’s equally easy to commute to the East Bay and San Francisco from San Rafael.


Year Built: 1912
Building Size: 4620sq ft
Lot Size: 0.09 acres

Map of 930 B St, San Rafael, CA, 94901

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.