503 Magnolia Ave

Larkspur, CA 94939

Rare opportunity to acquire a well-located mixed-use asset with stable in-place income in the heart of downtown Larkspur's historic Magnolia Avenue corridor. Situated on a prominent corner just steps from the iconic Lark Theater, and surrounded by boutique retailers, acclaimed restaurants, and neighborhood amenities, the property offers convenient access to the Larkspur Ferry Terminal and Highway 101.The offering comprises four buildings totaling 3,736 SF on a 7,500 SF lot, zoned SD (Storefront Downtown) with historic designation. The Magnolia Avenue frontage is occupied by two established, long-term retail tenants providing immediate cash flow from a highly visible, pedestrian-oriented location. 115 Ward Street, a vacant standalone building at the rear of the property, is classified as residential, but was previously used as office. Subject to independent verification of zoning and permitting, this building offers flexibility to restore residential use or continue its current office use. Additional features include two dedicated parking spaces with garages and private courtyard storage. Located in one of Marin County's most walkable districts, this is a compelling investment opportunity with long-term upside.