Active
1120 Lincoln Ave
San Rafael CA, 94901
$1,875,000
$375.00 per sqft
Active
0.11 Acres
Land
A high-rise development site is located near downtown San Rafael, just a block or two from the San Rafael Transit Center. The property is zoned C4N 40-50, allowing commercial or residential uses. This zoning allows for a 50-foot height. This property lends itself to luxury apartments, low-income housing, workforce housing or a senior community. The property is currently improved with a four-plus-unit building, which brings in $8,106/month. This will provide a nice cash flow while you develop it. The property is currently improved with a 1903 Victorian converted into four apartments, and additional vacant space on the ground floor that was previously office space has been added. The current tenants are all on month-to-month tenancies. According to San Rafael Planning, this property can be improved with a four to five-story building for commercial or residential use. There is only a seven-foot front and side street setback and 15' rear setback. Given its proximity to public transportation, parking requirement are reduced. A lot size of approximately 50' x 100' could equate to 2,850 sf per floor. As you go up in height, there may be some step-back requirements.
324074865
MLSⓇ ID
September 18, 2024
Listed
October 2, 2024
Updated
Map
1120 Lincoln Ave
San Rafael CA, 94901
Exterior/Building Features
Lot Size
0.11 Acres
Exterior Features
Corner, Public Trans Nearby, Shape Regular
Lot Features
Corner, Public Trans Nearby, Shape Regular
Sewer
Public Sewer
Other Property Details
Area Name
San Rafael
Garage
No
View
No
County
Marin
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
9/28/2024 | Price change | $1,875,000 -11% |
Listed by Michael J Burke (00454938) with Golden Gate Sotheby's International Realty
Listing Contact:
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