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150 Shoreline Hwy, Mill Valley, CA 94941
$4,800,000
150 Shoreline Hwy, Mill Valley, CA 94941View this property at 150 Shoreline Hwy, Mill Valley, CA 94941
150 Shoreline HwyMill ValleyCA94941
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Property Description
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
Full Property Details
Full Property Details for 150 Shoreline Hwy
General
- Price: $4,800,000
- Status: Active
- Type: Commercial Residential Facility
- MLS ID: 41042766
- Updated: 11/15/2023
- Added to Site: 212 day(s) ago
Interior
- Flooring: Carpet
Exterior
- Exterior Features: Greenbelt
Parking
- Parking Features: Parking Lot, Uncovered Park Spaces 2+
Location
- Area: Listing
- County: Marin
- Driving Directions: Hwy-101 at Hwy-1, Mill Valley
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Exterior Const.: Wood Siding
- Roof: Composition Shingles
- Year Built: 1971
Lot Features
- Lot Size (Acres): 0.86
- Lot Dimensions: 37501
- Lot Features: Level, Premium Lot
- Lot Description: Level, Premium Lot
Water Features
- Water Front: Yes
Financial Considerations
- For Sale: Yes
- Price Per Sq. Ft.: $317
- Terms: Cash, Conventional, 1031 Exchange
Disclosures and Reports
- Property ID: 5237104
Listed by Re/Max Accord, Kevin Obrien
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Schools
Schools serving 150 Shoreline Hwy
School Districts:Sausalito Marin City, Tamalpais Union High School District
Rating | Name | Grades | Distance |
---|---|---|---|
200 Phillips Dr, Sausalito, CA 94965 | K-8 | 0.2 mi | |
700 Miller Ave, Mill Valley, CA 94941 | 9-12 | 1.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 150 Shoreline Hwy
Date
Details
Price
Change
Source
10/24/2023
Listed
$4,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 150 Shoreline Hwy
Year
Property Taxes
Change
Tax Assessment
Change
2023
$14,012
4%
$1,155,150
2%
2022
$13,507
1%
$1,132,500
2%
2021
$13,341
2%
$1,110,300
1%
2020
$13,125
3%
$1,098,920
2%
2019
$12,794
4%
$1,077,380
2%
2018
$12,270
2%
$1,056,260
2%
2017
$12,065
5%
$1,035,550
2%
2016
$11,521
10%
$1,015,250
12%
2015
$10,512
5%
$903,776
2%
2014
$10,021
—
$886,079
—
2013
$10,034
—
$882,081
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 150 Shoreline Hwy
150 Shoreline Hwy, Mill Valley, CA 94941 (MLS# 41042766) is a Commercial Residential Facility property. 150 Shoreline Hwy is currently listed for $4,800,000 and was received on October 24, 2023. Want to learn more about 150 Shoreline Hwy? Do you have questions about finding other Commercial Residential Facility real estate for sale in Mill Valley? You can browse all Mill Valley real estate or contact a Coldwell Banker agent to request more information.