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Commercial - Multi-Tenant-Office Bldg 1025 5th St 3,597 SF Office Building Novato, CA 94945 $1,420,815 ($395/SF)
Investment Highlights
- Solar Panels on the roof
- Wood frame construction with wood shake exterior and composition roofing
- Ample on-site parking lot with concrete pavers - 13 spaces (incl. garage)
Executive Summary
• 3,597+/- (per plans) total square footage of the building
• 15,000+/- sq. ft.; .34+/- acre total size of the parcel
• Separate 2-car garage building of 465+/- sq. ft.
• The building floor plan consists of 1-story and 2-story sections with multiple professional office suites. Currently there are multiple separate office suites of which are leased or owner occupied. Current leases are month-to-month. The current annual income is approximately $82,946. Please inquire for further income & expense details
• Commercial – multi-tenant office building located on one parcel downtown Novato
• Built in 1947/1949 & Recently Remodeled
• One meter for PG&E/water and separate HVAC units for each suite/office
• Solar Panels on the roof
• Ample on-site parking lot with concrete pavers - 13 spaces (incl. garage)
• Wood frame construction with wood shake exterior and composition roofing
• Zoned CBD – Downtown Core Business District. The neighboring properties are zoned office commercial and residential
• Located in downtown Novato just off Grant Avenue and Vallejo Ave
• 15,000+/- sq. ft.; .34+/- acre total size of the parcel
• Separate 2-car garage building of 465+/- sq. ft.
• The building floor plan consists of 1-story and 2-story sections with multiple professional office suites. Currently there are multiple separate office suites of which are leased or owner occupied. Current leases are month-to-month. The current annual income is approximately $82,946. Please inquire for further income & expense details
• Commercial – multi-tenant office building located on one parcel downtown Novato
• Built in 1947/1949 & Recently Remodeled
• One meter for PG&E/water and separate HVAC units for each suite/office
• Solar Panels on the roof
• Ample on-site parking lot with concrete pavers - 13 spaces (incl. garage)
• Wood frame construction with wood shake exterior and composition roofing
• Zoned CBD – Downtown Core Business District. The neighboring properties are zoned office commercial and residential
• Located in downtown Novato just off Grant Avenue and Vallejo Ave
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
3,597 SF
Building Class
C
Year Built
1947
Price
$1,420,815
Price Per SF
$395
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,799 SF
Building FAR
0.24
Lot Size
0.34 AC
Zoning
CBD - Downtown Core Business District. The neighboring properties are zoned office commercial and residential
Parking
13 Spaces (3.61 Spaces per 1,000 SF Leased)
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Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 141-252-09 | Improvements Assessment | $582,534 |
| Land Assessment | $710,855 | Total Assessment | $1,293,389 |
Property Taxes
Parcel Number
141-252-09
Land Assessment
$710,855
Improvements Assessment
$582,534
Total Assessment
$1,293,389
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Commercial - Multi-Tenant-Office Bldg | 1025 5th St
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