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Listed by Alexander Kent • Compass
$1,950,000
Est. payment /mo
5,776 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,776 sqft
Price per Sqft $337
MLS Listing ID ML82027813
HOA Y/N No
Year Built 1978
Lot Size 5,000 Sqft
Property Sub-Type Duplex
Source Datashare MLSListings
Property Description
Office Building with Multi-Family Residential+ Zoning. For Lease, Sale or JV. Permitted: Office Business Professional, Medical Dental Office, General Personal Service, Multi-Unit Residential, Family Child Care, Day Care, Adult Day Care, Trade School, Community Assembly, Church, Instructional, Private School w CUP, Grooming or Pet Store, Veterinary w CUP, Restaurant, Bar w CUP, Hotel, Convenience or Grocery, Retail. MU-SB-100: Mixed-Use South Boulevard: Could go 60 ft or 5 stories with existing zoning codes, new state laws could potentially go higher depending on transit assessment. Building is 49 ft wide and 57 ft deep. There is an existing tenant, who has a right of first refusal on a sale, but has stated that they don't intend to exercise it, and an option to extend the lease 2 years past their 3/31/26 expiration, which they've stated they intend to exercise. For buyers, investors that want a leased investment, or a mixed use or residential development opportunity, with in place lease income, this is a positive scenario. As-Is sale. New roof. Current office layout interior has many private offices, conference rooms that could be used as into bedrooms. Buyer to inspect as desired.
Location
State CA
County San Mateo
Interior
Heating Forced Air
Fireplace No
Schools
School District Sequoia Union High, San Carlos Elementary
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James Dye
Broker Associate | License ID: 00897803
Broker Associate License ID: 00897803