Remarks

Rare opportunity to acquire a high-performing waterfront property in prestigious Sausalito, CA. Situated on a 1.087-acre lot with 14,585 SF, 303 Harbor Drive offers immediate cash flow with $597,720 in annual NOI (9.06% cap rate). This prime asset, priced at $6,600,000, is surrounded by affluent communities like Tiburon, Ross, and Mill Valley and is minutes from the Golden Gate Bridge. With over 1.5M annual visitors to Sausalito, the property offers significant redevelopment potential for boutique hotels, luxury mixed-use spaces, private marinas, or wellness retreats. Comparable properties in the area command $10M+ valuations, making this dual-value asset a rare find. Whether for immediate income or transformative redevelopment, this property is positioned for substantial ROI in one of Northern California's most desirable markets. Don't miss this landmark investment opportunity. Contact Listing Agent, Katrina Klam for more details and financials.

Details

MLS#: 325003821
Price: $6,600,000

Style: Mixed Use
Sq Ft: 14585.00
Year Built: 1954

County: Marin
Lot Size: 47350.00