Owner will carry first loan with adequate down payment. Land is in a Qualified Opportunity Zone offering tax benefits. Two adjoining lots for sale comprising 20,700 square feet. 014-191-05 and 014-191-06 Plans available on request to construct 28 units with a possiblity of additional units with SB 330 waivers. Waterfront on San Rafael Canal. Docks may be possible. Former building was 18 residential units. Property within 1 mile of transit center, which may qualify for reduced parking requirements and other development benefits.
Vacant landProperty Type
0.48 acresLot Size
$5,208,333Price/Acres
Listed by Scott Bassin•DRE #01805049• Scott Irwin Bassin
Canal, located between Downtown San Rafael and the San Francisco Bay shoreline, is a waterfront and residential San Rafael neighborhood with a working marina edge and a network of canalside paths. The neighborhood’s character concentrates around Canal Street near Pickleweed Park, where taquerias, panaderías, small markets, and barbershops set a busy, everyday rhythm. Low-rise apartment communities and mid-century blocks sit beside boat slips, levees, and wide sky views across the water. Pickleweed Park anchors local recreation with fields, courts, and community programming. The Bay Trail segments and nearby wetlands shape a walk-and-bike routine along the water. A short drive links to downtown’s theaters, galleries, and dining corridors.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
No crops or natural vegetation on the parcel
Exterior features
Chain-link fencing
Multi-residential zoning
Home design
Residential lot (land property)
Construction
Owner-reported lot size about 0.475 acres
Utilities
Natural gas available
Phone service available
Underground utilities / underground required
Water connected
Public sewer
Electric available
HOA & community
No homeowners association
Electricity and solar
View estimated energy costs and solar savings for this home
The high-density residential districts provide opportunities for high-density multifamily residential development.; High-density multifamily residential districts are included in the high-density residential land use category with densities ranging from 1,000 sq ft to 1,800 sq ft per dwelling unit.
Zone overlays
Canalfront Review Overlay District
Permitted uses
Include but are not limited to:
Garden center
Housing-Single unit
Housing-Multiple units
Housing-Senior
Educational/school
Recreation
Park & open space
Nov 13, 2025 • Final
Demo
Demolish a fire damaged building.
Demolition
Jul 31, 2023 • Final
Plumbing
Repair a gas leak and modify an existing water heater to meet current building codes.
Gas
Plumbing
Water heater
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
10/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 85° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
8/10 Air Factor
15 unhealthy days expected this year, 15 days in 30 years
Provided by First Street
Historical weather
San Rafael, CA • 94901
Average low and high temperatures (°F)
59
42
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69
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67
47
72
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52
76
55
80
55
77
57
74
52
62
47
55
44
Jan
Feb
Mar
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May
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Sun exposure
In this area, properties receive around 10.6 hours in
June and 5 hours in December, placing it above the
U.S. average for solar exposure.
10.6 hrs
5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 516 Canal St
$2,458,652
$41K under list price of $2.50M
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $2.1M to $3.9M.