Property Details
About this Property
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.
MLS Listing Information
MLS #
BA324074865
MLS Source
Bay Area Real Estate Information Services, Inc.
Days on Site
58
Lots & Land Information
Development Status
None
Existing Structures
None
Fencing
PartialFencing
Lot Description
Regular
Present Use
Multi-Family, Residential
Utilities
Public Utilities, Public Utilities, Water - Public
Parking, School, and Other Information
Sewer
Public Sewer
Water
Public
Contact Information
Listing Agent
Michael Burke
Golden Gate Sotheby's International Realty
License #: 00454938
Phone: (415) 464-9300
Co-Listing Agent
Pamela Burke
License #: 02156257
Phone: (415) 424-9835
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1120 Lincoln Ave is in San Rafael, CA 94901. This Land is currently priced at $1,875,000. This address can also be written as 1120 Lincoln Ave, San Rafael, CA 94901.
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This listing information is up-to-date as of September 28, 2024. For the most current information, please contact Michael Burke, (415) 464-9300
