The Island Building
Retail | 5.82% CAP | 3,483 SqFt
Marketing description
Welcome to 65-75 Red Hill Ave, one of San Anselmo's most beloved local icons. Built in 1956, this striking mid-century commercial gem sits prominently in the heart of downtown and has long been affectionately known by locals as "The Island Building." Spanning approximately 3,500 square feet, the property is thoughtfully divided into six charming retail suites, each with its own unique storefront and character. The design reflects the clean, confident lines of its era, blending classic mid-century architecture with timeless small-town charm.
Tenants enjoy a diverse mix of uses, providing stability and steady cash flow for investors seeking a 100% occupied, low-maintenance asset. With a private customer parking lot—a rare amenity in downtown San Anselmo—businesses thrive and customers return again and again. Located in one of Marin County's most affluent and picturesque communities, this property benefits from excellent visibility, pedestrian traffic, and a loyal local customer base. San Anselmo's boutique shopping, fine dining, and welcoming small-town atmosphere make this a highly desirable investment environment.
Whether held for long-term income or as a legacy property in a prized location, The Island Building represents a rare opportunity to acquire a fully leased, well-maintained, and beautifully positioned commercial cornerstone in one of Marin's most sought-after towns.
Investment highlights
- 100% occupied, low-maintenance asset
- Diverse tenant mix providing stability and steady cash flow
- Private customer parking lot - rare amenity in downtown San Anselmo
- Fully leased, well-maintained property
- Prime location in one of Marin County's most affluent and picturesque communities
- Excellent visibility and pedestrian traffic
- Loyal local customer base
- 5.82% cap rate
- $86,992.16 NOI
- $113,400 annual gross income
- Gross rent multiplier 13.18
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