About 503 Magnolia Avenue
Rare opportunity to acquire a well-located mixed-use asset with stable in-place income in the heart of downtown Larkspur's historic Magnolia Avenue corridor. Situated on a prominent corner just steps from the iconic Lark Theater, and surrounded by boutique retailers, acclaimed restaurants, and neighborhood amenities, the property offers convenient access to the Larkspur Ferry Terminal and Highway 101.The offering comprises four buildings totaling 3,736 SF on a 7,500 SF lot, zoned SD (Storefront Downtown) with historic designation. The Magnolia Avenue frontage is occupied by two established, long-term retail tenants providing immediate cash flow from a highly visible, pedestrian-oriented location. 115 Ward Street, a vacant standalone building at the rear of the property, is classified as residential, but was previously used as an office. Additional features include two dedicated parking spaces with garages and private courtyard storage. Located in one of Marin County's most walkable districts, this is a compelling investment opportunity with long-term upside.
Features of 503 Magnolia Avenue
| MLS® # | 326064751 |
|---|---|
| Price | $3,495,000 |
| Square Footage | 3,736 |
| Acres | 0.17 |
| Year Built | 1906 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active Under Contract |
Community Information
| Address | 503 Magnolia Avenue |
|---|---|
| Area | Larkspur |
| City | Larkspur |
| County | Marin |
| State | CA |
| Zip Code | 94939-1381 |
Amenities
| Features | Landscaping |
|---|---|
| Parking Spaces | 2 |
| Parking | Uncovered, Garage, Exclusive |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 2 |
| Has Basement | No |
Exterior
| Lot Description | Low Maintenance, Landscaped, Shopping Nearby, Restaurant Nearby, City Lot |
|---|
Additional Information
| Date Listed | April 2nd, 2026 |
|---|---|
| Zoning | SD - Store Front Downtown |
Listing Details
| Agent | Frank Villanueva |
|---|---|
| Office | Compass |