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71 E 3rd Ave
San Mateo, CA 94401 Downtown San Mateo

$9,900,000 USD

Storefront Retail Office For Sale  •  10,672 SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 10,672 SF
  • Lot Size 0.13 AC
  • Building Class B
  • Year Built 1931
  • Tenancy Multiple
  • Zoning CB000D
50 Transit Score
80 Walk Score

Highlights

100% Leased Investment – Stable in-place cash flow with minimal landlord responsibilities
Significant Mark-to-Market Opportunity – Current rents below market provide meaningful upside upon lease rollover
Future Owner-User Flexibility – Second-floor office space offers potential occupancy in the near term
Trophy Downtown San Mateo Location – Positioned along a highly trafficked retail corridor in a premier Bay Area submarket
Historic & Iconic Asset – Former 1st headquarters of YouTube, offering a unique identity and pride of ownership
Mixed-Use Zoning with Upside – CBD zoning allows for a variety of retail, office, and residential uses

Public Transportation

Commuter RailDriveWalkDistance
2 min 7 min 0.4 mi
5 min - 1.5 mi
Transit/SubwayDriveWalkDistance
San Mateo (Caltrain - Caltrain (Caltrain)) 2 min 7 min 0.4 mi
AirportDriveWalkDistance
San Francisco International 12 min - 7.4 mi
Metro Oakland International 35 min - 26.0 mi
Norman Y Mineta San Jose International 36 min - 27.5 mi
Robin Santiago, SIOR, CCIM 408-803-5003 SVN | Capital West Partners
Robin Santiago, SIOR, CCIM 408-803-5003 SVN | Capital West Partners