1723 Novato Blvd, Novato, CA 94947

Property Description

Opportunity Knocks! Seller establishing exchange has reduced price >$300,000 from initial valuation after 26 days! Rare find with Multigenerational Use potentials. Well Maintained Vintage Residence on private level + acre lot in highly desirable close to town location. Property offers an exceptional opportunity and significant upside value and use potentials for investors, developers or owner users alike. R10 & PD Zoning can allow additional lot splits and / or up to 10 units plus a wide range of unique use potentials including both business and residential applications, subject to City review. Create a unique family compound, establish a home business, add additional dwellings, create extra incomevirtually unlimited potentials to create your own unique project with zoning in place. The Home is full of character, soaring ceilings, hardwood floors, and many original features and upgrades. An oversized basement of approximately 1,400 +/- additional sq. ft offers amazing additional space, ideal as a workshop, studio, storage, or future project. Outside, enjoy a mature orchard and an auxiliary storage structure, all served by public utilities and water, plus a pre-existing well that may be reconnectable, subject to City verification. Land Use: Existing General Plan standards allow for an extensive list of Additional Uses which may include home occupations, live work, senior or child residential care, school or religious use, multi family, B&B, and much more, (see use tables), or possible rezone for commercial use, per City review. The Opportunity. Whether you're an owner-user looking to live in the existing home while exploring additional development, a multigenerational family seeking space and flexibility, or an investor/developer eyeing significant upside value and additional income potentials, this property delivers a rare opportunity in a premier location. A full disclosure package and feasibility review is available upon request.