826-832 B St 17,093 SF Retail Building San Rafael, CA 94901 $1,800,000 ($105.31/SF)

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