700 E St 4,714 SF Office Building San Rafael, CA 94901 $2,039,188 CAD ($432.58 CAD/SF)

700 E Street presents a rare opportunity for both owner-users and developers in the heart of San Rafael. This ±4,700 square foot office/flex building sits on a generous ±9,374 square foot lot and is divided into 5 separately metered suites, with a total of 19 small-format offices, many featuring modern updates such as LED lighting, vinyl plank flooring, and dual-pane windows. With a Walk Score® of 96, the property offers immediate access to downtown restaurants, shops, and services, plus proximity to SMART rail and major highways for regional connectivity.
For owner-users, the building provides the ideal platform to establish a headquarters, medical office, or professional practice. Occupy the space you need and lease the balance to generate steady income, offsetting mortgage costs. With a recent appraisal above asking (May 2024) and SBA financing available with as little as 10% down, the property is exceptionally well positioned for small business acquisition and long-term stability. Dedicated on-site parking—a rarity in downtown San Rafael—adds significant value and convenience for clients, staff, and visitors.
For developers and investors, the site offers compelling upside. The flexible T4N 40/50 zoning allows for a broad range of uses, including office, medical, retail, and residential. This transitional mixed-use designation encourages creative repositioning and redevelopment, making the property a strong candidate for future value creation. Current tenancy is primarily month-to-month, generating holding income while allowing maximum flexibility for a buyer to implement their vision.
Whether reimagined as a mixed-use development, held as a stable income-producing asset, or customized as a flagship office location, 700 E Street delivers multiple exit strategies. Its combination of location, zoning, and functionality makes it a strategic acquisition for today with long-term growth potential.
Highlights include:
±4,700 SF building on ±9,374 SF lot
19 small-format offices, many with modern upgrades
Dedicated on-site parking
Flexible T4N 40/50 zoning supporting mixed-use redevelopment
Primarily month-to-month tenants providing income and flexibility
SBA financing potential with as little as 10% down
Walk Score® 96, steps from downtown San Rafael amenities
Recent appraisal above asking price (May 2024)
700 E Street represents more than just an office building — it’s a platform for business growth, investment stability, and redevelopment opportunity in one of Marin County’s most dynamic submarkets.