242 Shoreline Hwy., Mill Valley
$ 78.00
242 Shoreline Hwy, Mill Valley, CA 94941
$ 78.00
Description
Executive Summary
Pacific West Advisory Group is excited to present this opportunity to purchase a
2-unit retail building in the prime Mill Valley retail corridor. This location provides
fantastic foot and vehicle traffic and allows a new owner to capture an audience
commuting to and from San Francisco and Sonoma, as it sits on the main access
to Highway 101. This is an opportunity to purchase an established automotive
repair business and building and land in the high traffic and high visibility Tam
Valley market only 1 mile from Highway 101 (south) and Mill Valley (north) MVAS
services vehicles from southern Marin and San Francisco. The building is 3,700 SF
and the parcel is 13,318 SF, and the sale comes with the permitted right to build an
additional 1,500 SF building.
The sale includes a newly refurbished and remodeled 1,380 SF of front retail or
office space, and the back of the building housing the automotive business with
Office, lobby and restroom. The automotive repair component has an open work
area with a roll up door, automotive lifts and storage. The lot has open space for
parking and storage. In addition, the name, customer list, phone number, web
site and all related assets of the business are included in the sale. The back of
the building was renovated in 2016 and the front space in 2022.
Over 32,285 vehicles pass by the property daily, as Shoreline Highway is the route
to Mill Valley, Muir Woods, and Stinson Beach. The property is in the County of
Marin (not the city of Mill Valley) and is zoned Planned Commercial (PC).
This is an opportunity for an owner-user or an investor looking to operate and
expand an existing successful business or to redevelop the property for another
use. Given the rare and desirable attributes of the business and property, it has
potential for more growth and revenue for the existing automotive repair use or as a development opportunity in the future.
Highlights
-
Square Footage: 1,370 SF -
Term: Negotiable -
Lease Rate: $78.00
Features
Investment Highlights
- Great Mill Valley location with high foot and vehicle traffic
- Owner has authorization from the County of Marin to build an additional 1,500 sq ft building on the south side of the rear lot area
- The automotive business is sold in conjunction with real estate and generates more than $900k of annual income