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826-832 B St 17,093 SF Retail Building San Rafael, CA 94901 $1,800,000 ($105.31/SF)
EXECUTIVE SUMMARY
Keegan & Coppin Company, Inc. is pleased to offer for sale a mixed-use investment property located in the heart of downtown San Rafael.
Commonly referred to as Hotel Carmel, 826-832 is a classic mixed-use building originally constructed around 1890 as a large residence then extensively remodeled and expanded around 1936 as a rooming house with retail store space on the ground floor.
The major tenant is Homeward Bound who operates in most of the building as the Voyager Carmel Center, providing (per their website) 36 residential rooms, of which 26 rooms provide long-term supportive housing and 10 rooms for shelter services. Homeward Bound currently intends on vacating the property at the expiration of the lease.
The three other tenants occupy spaces on the ground floor. They include Sunrise Home, a small beauty salon and a private design office.
• Mixed-use residential
• Prime downtown San Rafael location
• Compelling offering price
Commonly referred to as Hotel Carmel, 826-832 is a classic mixed-use building originally constructed around 1890 as a large residence then extensively remodeled and expanded around 1936 as a rooming house with retail store space on the ground floor.
The major tenant is Homeward Bound who operates in most of the building as the Voyager Carmel Center, providing (per their website) 36 residential rooms, of which 26 rooms provide long-term supportive housing and 10 rooms for shelter services. Homeward Bound currently intends on vacating the property at the expiration of the lease.
The three other tenants occupy spaces on the ground floor. They include Sunrise Home, a small beauty salon and a private design office.
• Mixed-use residential
• Prime downtown San Rafael location
• Compelling offering price
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
17,093 SF
Building Class
C
Year Built
1890
Price
$1,800,000
Price Per SF
$105.31
Tenancy
Single
Building Height
3 Stories
Building FAR
2.31
Lot Size
0.17 AC
Zoning
T4MS 50/70 - Commercial and residential development
Frontage
66’ on B St
Walk Score®
Walker's Paradise (98)
Bike Score®
Very Bikeable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 011-262-16 | Improvements Assessment | $180,953 |
| Land Assessment | $93,544 | Total Assessment | $274,497 |
PROPERTY TAXES
Parcel Number
011-262-16
Land Assessment
$93,544
Improvements Assessment
$180,953
Total Assessment
$274,497
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826-832 B St
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