1120 Lincoln AVE Active Save Request In-Person Tour Request Virtual Tour
San Rafael,CA 94901
Key Details
Property Type Vacant Land
Sub Type Commercial Lot
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $375
MLS Listing ID 324074865
HOA Y/N No
Lot Size 5,000 Sqft
Acres 0.1148
Property Description
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.
Location
State CA
County Marin
Area San Rafael
Zoning Commercial,Mixed,Multi-Residential
Exterior
Fence Partial
Utilities Available Public
Building
Lot Description Corner,Public Trans Nearby,Shape Regular
Sewer Public Sewer
Water Public