New

San Rafael Office Asset with Highway Access & Value-Add Ups

$2,400,000
  • ~1,382 m² Total surface
  • ~1,382 m² Living area

Description

Pacific West Advisory Group is pleased to present 24 Professional Center Parkway, a well-maintained, two-story Class B office building totaling 14,876 square feet situated on two parcels comprising 40,725 square feet in the heart of North San Rafael's established professional corridor. Zoned Office (O) by the City of San Rafael, the property accommodates a wide range of uses including medical, and is currently occupied by a diverse mix of professional tenants including law firms, medical offices, a software company, and an upscale specialty salon providing stable in-place income with flexibility for future repositioning or owner occupancy. All four elevations feature exterior siding constructed of redwood, a premium and naturally durable material highly resistant to decay and dry rot, well-suited to Marin County's climate and offering long-term performance with reduced exterior maintenance concerns. The elevator-served building includes 36 on-site parking spaces, 10 of which are covered. Positioned with immediate access to U.S. Route 101 in both directions and located approximately one mile north of the iconic Marin County Civic Center, the property benefits from exceptional regional connectivity approximately 25-30 minutes to San Francisco via the Golden Gate Bridge. The surrounding area is home to established medical, legal, and financial service providers, and the property sits directly across from the planned Northgate Town Square, a major mixed-use residential and retail redevelopment that is expected to significantly strengthen long-term demand in the corridor. Located within Marin County's desirable suburban office market, the property serves a trade area with an average household income exceeding $137,000 within 0.3 miles and an average home value surpassing $731,000. This offering represents a compelling opportunity for an owner-user, nonprofit organization, or investor seeking a strategic Marin County foothold with strong demographics, immediate highway access, and meaningful long-term upside. Offered at $2,400,000 | $161 PSF | APN: 155-071-24/25
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Engel & Völkers

Your advisor: Oleg CRE Verbitski

Property ID: AM-5513155

Property details
  • Property type

    Office

  • Number of Floors

    3

  • Total surface

    ~1,382 m²

  • Living area

    ~1,382 m²

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