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3 Units - Ground Floor Retail, Upstairs Office and UpstairsApartment. 1,960 SF Ground Floor Established Restaurant plus 650 SF Basement. 1,100 SF Upstairs Office, Full Bath, Partial Kitchen, Open Beams, 11' Ceiling Height, Open Floor Plan, Air-Conditioning/Heat and Two Skylights. 900 SF Upstairs Residential One Bedroom Apartment.
This property is considered one of the highest profile retail properties in San Rafael. The three-story property (ground floor, mezzanine and basement) has had a long history of retail success having been the San Rafael Health Center, a Macy' s store and once, Montgomery Ward. It received a major remodel in 2003 and includes a 50 foot facade, much of it glass, on 4th street. The owner currently operates a successful beauty supply business and would consider a lease-back upon sale. The next-door large health club facility is slated for redevelopment with retail and apartments.
26 Medway is an ideally located Neighborhood Commercial strip center comprised of 16 units and located one block from East Francisco Blvd. The property is in the perfect location to continually attract retail tenants to a desirable location near a large residential population. Very few buildings in the neighborhood offer the small size that is in high demand for small retail tenants. The buildings offer an opportunity for an investor to purchase a 94% occupied, income producing asset with strong upside potential. With many short term leases in place and the opportunity to retain some existing tenants, 26 Medway is situated as a property that will have very few vacancies and high demand for years to come.
West End San Rafael restaurant with extensive outdoor dining area. Real estate for sale for new user to take over. Existing building and storage about 1000 sq.ft.. Good on-site parking. Excellent location for take-out food as it has drive-through parking lot.