Listed by Meridian Commercial
$4,700,000
1036 Francis Drake Boulevard
Details
APN 071-132-46
Property Type Office
Sub Type Executive Office, Medical Office
Square Footage 10,646
Units 23
Cap Rate 5.50%
Occupancy 60%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 5.83%
Pro-Forma NOI $273,882
Price per SqFt $441
Class D
Year Built 1953/ 1976
Stories 2
Acreage 0.570
Zoning OP/CP Commercial Mixed-Use
Parking Spaces 37 spaces
Parking Per SqFt 3.48
Investment Type Value Add
Value Add Office Opportunity!
Marketing description
Prominent Sir Francis Drake Blvd Location | OP/CP Zoned 0.57-Acre Parcel
Sale Description
This two-story office building occupies one of the most prominent corners in Kentfield, offering exceptional visibility, frontage, and access. The property’s OP/CP Commercial Mixed-Use zoning allows for a broad range of future uses—including residential, office, or mixed-use redevelopment—making it ideal for investors and developers seeking to reposition or reimagine a legacy Marin asset.
Situated on a flat ±0.57-acre site at the intersection of Sir Francis Drake Boulevard and Butterfly Lane, the property benefits from high daily traffic counts, strong demographics, and proximity to Kent Woodlands, Ross, and the College of Marin. With limited available land in Central Marin, this offering represents a rare infill opportunity to unlock value through redevelopment, adaptive reuse, or re-tenanting.
Investment highlights
Investment Highlights
- Prime Kentfield Location – Corner of Sir Francis Drake Blvd. and Butterfly Lane, among Marin’s most visible and desirable corridors.
- Zoned OP/CP Commercial Mixed-Use – Supports residential, office, and retail or service uses.
- Flat ±24,725 SF (±0.57-Acre) Site – Ideal for redevelopment or densification.
- Strong Demographics – Surrounded by Kent Woodlands, Ross, and other high-income communities.
- Excellent Access & Visibility – 205 feet of Sir Francis Drake frontage with daily commuter exposure.
- Existing Improvements – Two-story, 24-suite office structure offering immediate income and/or repositioning potential.
- Ample Parking – 37 surface spaces with dual ingress/egress from both Sir Francis Drake Blvd. and Butterfly Lane.
- Rare Central Marin Infill Opportunity – Limited competing inventory and strong demand for modern mixed-use and residential product.
Listing Contacts
Listed by Meridian Commercial
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Zoning
OP PlannedPlanned Office
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View all 120 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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