Retail/Office/Residential For Sale 2-6 Miller Ave

2-6 Miller Ave , Mill Valley, California, 94941 | 10,500 sq.f | $ 7,000,000

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About This Restaurant

Investment Highlights

Executive Summary

Keegan & Coppin is pleased to offer the opportunity to acquire one of Mill Valley's most recognized properties. Located on Mill Valley?s most prestigious intersection, the corner of Miller and Throckmorton, the epicenter of Downtown Mill Valley on the main plaza. This multi tenant property is surrounded by many good restaurants, art galleries, cafes, and boutique shopping stores, Mill Valley is one of the most affluent cities in the Bay Area. Constructed in the early 1900?s, the property has been remodeled several times in the 1970's and 1980's. The property has been leased to retail tenants for decades and is available for purchase for the first time in forty years. Three leased retail spaces on the street level including Equator Coffee. The 2nd floor space could be an office, medical or a residential apartment, with an abundance of natural light, a central skylight and hard wood floors, the 2nd floor has large windows with views of the plaza from two sides.? High identity retail/office or residential? Available for owner-user or investor? Abundant parking near by

Property Details

  • Sale Type    Investment
  • Property Type    Retail
  • Property Subtype    Storefront Retail/Office Storefront Retail/Office General Retail Restaurant General Retail Storefront Retail/Residential Office Office Residential Storefront Retail/Office
  • Building Size    10,500
  • Building Class    C
  • Year Built    1937
  • Price    7,000,000
  • Price Per SF    667
  • Cap Rate    4.60
  • NOI    322,307
  • Percent Leased    100
  • Tenancy    Multiple
  • Building Height    2 Stories
  • Building FAR    3.00
  • Land Acres    0.08 AC

Property Taxes

Parcel Number 028-061-08 Improvements Assessment $560,100
Land Assessment $2,578,314 Total Assessment $3,138,414
Date Created: 2024-07-16 04:09:25 Last Updated: 2024-07-16 04:09:25
Address: 2-6 Miller Ave , Mill Valley, California, 94941