Freestanding For Sale
13,303 Sq Ft
Located in the desirable San Francisco Bay Area Peninsula in Downtown San Mateo on the 3rd Ave corridor off the 101 Freeway at the signalized corner intersection of 3rd and Delaware.
RETAIL INVESTMENT OPPORTUNITY: Rare stabilized NNN multi-tenant retail strip shopping center located in downtown San Mateo. Annual rent increases. Leases are NNN with uncapped NNN increases.
COMMERCIAL DEVELOPMENT OPPORTUNITY: Commercial CBD/S (Central Business District/Support) Zoning in the CPID Central Parking Improvement District with broad commercial development upside potential for Office, Residential, Retail, Mixed-Use. 55’ height maximum, 3.0 FAR, underground parking allowed. Develop up to ± 85,000sf. Prime San Francisco Bay Area Downtown San Mateo location off the 101 freeway, walking distance to Caltrain station. Excellent Demographics.