Rare opportunity to acquire a high-performing waterfront property in prestigious Sausalito, CA. Situated on a 1.087-acre lot with 14,585 SF, 303 Harbor Drive offers immediate cash flow with $597,720 in annual NOI (9.06% cap rate). This prime asset, priced at $6,600,000, is surrounded by affluent communities like Tiburon, Ross, and Mill Valley and is minutes from the Golden Gate Bridge. With over 1.5M annual visitors to Sausalito, the property offers significant redevelopment potential for boutique hotels, luxury mixed-use spaces, private marinas, or wellness retreats. Comparable properties in the area command $10M+ valuations, making this dual-value asset a rare find. Whether for immediate income or transformative redevelopment, this property is positioned for substantial ROI in one of Northern California's most desirable markets. Don't miss this landmark investment opportunity. Contact Listing Agent, Katrina Klam for more details and financials.
An amazing opportunity for owner/user or investors! This property is in a hugely popular tourist destination, with super support from the local residential community. Sale includes iconic local Restaurant business, inventory, real estate & liquor license. The 3900 sq. foot building/Restaurant can accomodate 120 people in the bar, dining room, banquet room and beautiful private patio. Originally a four story hotel & bar and most recently the famous Saylor's Bar and restaurant, winning many local awards over the past 25 years. This has been a local's favorite for dining in and takeout, with plenty of on street parking (no permit parking in the neighborhood), shared parking lot and great visibility! Restaurant closed on 11/16/24. Not looking to buy a restaurant? This building is a terrific development opportunity, as well. Looking for more opportunity? Buy the adjacent two buildings, with shared parking lot, 2001-2005 Bridgeway- MLS Listing 324072954.
A Sausalito Landmark! 2001-2009 Bridgeway consists of 3 highly visible buildings, all income producing, with an established business on 3 separate parcels. 2001-2003 Bridgeway is mixed use with commercial space on street level and residence above. 2005 Bridgeway is zoned commercial, currently a residential income property; 2007-2009 was Saylor's Restaurant, a mainstay in Sausalito for over 25 years. Restaurant closed 11/16/24. The restaurant equipment and liquor license are included in the sale of this building. The restaurant has a full bar, indoor seating, banquet room & outdoor patio dining options. All tenants have leases through 2025 with rental upside in the future. The 3 parcels share a large parking lot behind the smaller parcels. This property is located is in a hugely popular tourist destination, with super support from the local residential community. The sellers are extremely loved in the community & goodwill is considerable for a new owner. Great opportunity for several buyer profiles: A passive investor looking for an income producing property; An Owner/user who is looking to take over the restaurant and have income from other units; A Developer!
* 2 Commercial Buildings on 2 lots located at 1917-1919 Bridgeway, Sausalito. * A highly visible corner location. * Fully occupied by Tenants. * 2 lots: 1) APN 064-141-02 (1917 Bridgeway) Built 1917 (1911 sq.ft. per tax record) 2) APN 064-141-01 (1919 Bridgeway). Built 1931 (755 sq.ft. per tax record) * Easy to show. 3 commercial tenants: 1) 1917 Bridgeway ground floor: Fred's Coffee Shop established since 1966. Rent: $11,593 / month - Lease expiration: July 9, 2028, rent escalation 2.5% annual, and option period (5 + 5). 2) 1917 Bridgeway 2nd floor: Ocean Spa Rent: $2,404 / month, Lease expiration: 10/31/2026, rent escalation 3%, and option period: none. 3) 1919 Bridgeway Ground floor: SwanZen Spa $3,090 / month, Lease expiration 10/31/2025, rent escalation 3%, and option period 3 years. Located in beautiful City of Sausalito across the Golden Gate Bridge, A highly visible corner location on Bridgeway & Spring Street corner.
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Barbara Lynn Simmons, License CALBRE 637579, Xome Inc., License CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361
Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS®, but is not warranted. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Sausalito is located in California. Sausalito, California has a population of 7,260. Sausalito is less family-centric than the surrounding county with 12.86% of the households containing married families with children. The county average for households married with children is 33.06%.
The median household income in Sausalito, California is $140,417. The median household income for the surrounding county is $131,008 compared to the national median of $69,021. The median age of people living in Sausalito is 55.6 years.
The average high temperature in July is 76.3 degrees, with an average low temperature in January of 42.9 degrees. The average rainfall is approximately 33.4 inches per year, with 0 inches of snow per year.
