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Listed by Frank Villanueva Compass
$3,495,000
Est. payment /mo
3,736 SqFt
New
503 Magnolia AVE Larkspur, CA 94939
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,736 sqft
Price per Sqft $935
MLS Listing ID 326064751
HOA Y/N No
Year Built 1906
Lot Size 7,501 Sqft
Acres 0.1722
Property Sub-Type Mixed Use
Property Description
Rare opportunity to acquire a well-located mixed-use asset with stable in-place income in the heart of downtown Larkspur's historic Magnolia Avenue corridor. Situated on a prominent corner just steps from the iconic Lark Theater, and surrounded by boutique retailers, acclaimed restaurants, and neighborhood amenities, the property offers convenient access to the Larkspur Ferry Terminal and Highway 101.The offering comprises four buildings totaling 3,736 SF on a 7,500 SF lot, zoned SD (Storefront Downtown) with historic designation. The Magnolia Avenue frontage is occupied by two established, long-term retail tenants providing immediate cash flow from a highly visible, pedestrian-oriented location. 115 Ward Street, a vacant standalone building at the rear of the property, is classified as residential, but was previously used as an office. Additional features include two dedicated parking spaces with garages and private courtyard storage. Located in one of Marin County's most walkable districts, this is a compelling investment opportunity with long-term upside.
Location
State CA
County Marin
Area Larkspur
Zoning SD - Store Front Downtown
Interior
Fireplace No
Exterior
Total Parking Spaces 2
Building
Lot Description Low Maintenance, Landscaped, Shopping Nearby, Restaurant Nearby, City Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 02026104
NEARBY SCHOOL & BUSINESS
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