150 Shoreline Hwy, Mill Valley, CA 94941, Mill Valley, 94941 - 0 bed, 0 bath
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Mill Valley, CA 94941
Analysis of 150 Shoreline Hwy, Mill Valley, CA 94941 is currently available with a list price of $3,750,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Mill Valley Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1971 and held by the original owner for over 50 years, the property requires substantial rehabilitation to meet modern standards. Interior photos show extremely dated bathrooms with basic fixtures and old vinyl flooring, while the exterior features numerous window AC units, indicating a lack of modern central HVAC systems. The listing is marketed primarily as a development opportunity or a major value-add project, noting significant modernization needs and pricing well below replacement cost.
Priced at approximately $250 per square foot, this property is offered significantly below replacement cost, representing a rare value-add opportunity in the premium Mill Valley market.
The property features a spectacular waterfront setting with direct access to the Sausalito Trail and stunning views, providing high visibility and lifestyle appeal for any future use.
With zoning that permits retail, food service, offices, or affordable housing, the site offers immense flexibility for developers to pivot based on market demand.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =37501, other record lot size in square feet = 13068.
Built in 1971 and held by the original owner for over 50 years, the buildings likely require substantial capital expenditure to update infrastructure and meet contemporary standards.
Transitioning the 15,000 square feet from long-term office use back to residential or specialized retail will involve intricate permitting and structural renovations.
Opportunity Knocks!! Priced WAY, WAY, WAY below replacement cost - we are talking $250 per square foot!! This property is being sold by the original owner who is retiring after owning this property for over 55-years. This property includes THREE buildings - each is about 5,000 square feet = 15,000 square feet total ... The buildings were originally designed as apartments (each unit had its own bathroom), but have been used as office space for over 5 decades ... Most of the 24 bathrooms are still in place. Comes with 50 PARKING SPACES ... The zoning allows for RETAIL, FOOD, OFFICES - OR - AFFORDABLE HOUSING ... this location is UNBELIEVABLY COOL - on the WATERFRONT - spectacular VIEWS and direct access to the Sausalito Trail ... the NEW building next door (156 Shoreline Highway) is setting the precedent for what might be possible to develop here ... DEVELOPERS - run the numbers! NON-PROFITS - buy this place and make a highly-visible HOME for your programs ... 1031-EXCHANGE buyers - park some cash here - the Tenants are on month-to-month leases and would love to stay, giving you cash-flow while you are working on your plans ... Put a STARBUCKS here - this would be an awesome spot for one ...
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 50% |
| Baths | 0.0 | 2.0 | 50% |
| Square foot | 5,426 | 4,139 | 50% |
| Lot Size | 37,501 | 23,943 | 50% |
| Price | $3.75M | $2.50M | 50% |
| Price per sq ft | $691 | $565 | 50% |
| Built year | 1971 | 1965 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 80 | 106 | 50% |
Mar 19, 2026
$3,750,000
Initial Listing
Jul 21, 2023
$1,650,000
Public Record
Nov 18, 2003
$1,695,000
Public Record