302 Caledonia St 5,365 SF 57% Leased Retail Building Sausalito, CA 94965 For Sale

Available for the first time in decades, 302 Caledonia represents an exceptional opportunity to acquire an iconic office property on a level site at the entrance to downtown Sausalito. The property is comprised of a single parcel running from Bridgeway Boulevard to Caledonia Street along Locust Street. Originally built in 1983, the building and the property have been rigorously maintained to the highest standard. The property has abundant natural light and first class finishes throughout, with immediate access to a major thoroughfare.
Investors will appreciate the underlying strength of the Sausalito market, providing steady income as they formulate their plans for the site. Situated just steps from all transportation, amenities and services, with bay views, the property is optimal for housing development. The City’s updated housing element may allow for 25 units, with a potential increase using the State of California density bonuses for affordable and senior housing.
Sausalito is a vibrant waterfront community just across the Golden Gate Bridge from San Francisco, and, along with San Francisco and the Napa Valley, it is one of the three major tourist destinations in the Bay Area. It’s within close proximity of the ferry, bringing in thousands of tourists to Sausalito. With an eclectic mix of art galleries, boutiques and restaurants, breathtaking views and charming walks along the bay, Sausalito is often compared to the French Riviera. 302 Caledonia is situated in the heart of a community-serving retail hub. Galleries, studios and specialty retail stores complement each other, while Driver’s Market serves not only as a gourmet natural food destination but also a community gathering place. Cafés and bars share the neighborhood with internationally acclaimed restaurants, providing endless dining and entertainment options.