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600-680 E 3rd Ave
San Mateo, CA 94401 North Central

$16,500,000

Freestanding For Sale  •  13,303 Sq Ft

Property Details

  • Property Type Freestanding
  • Total Building Size 13,303 Sq Ft
  • Lot Size 0.64 ac
  • Building Class B
  • Year Built 1978
  • Cap Rate 3.20 %
  • Tenancy Multiple
  • Zoning CBD/S
48 Transit Score
96 Walk Score

Description

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.

Highlights

First Time Ever on the Market
Rare Commercial Investment/Development Opportunity in Downtown San Mateo
Corner lot at signalized intersection
Located in the desirable San Francisco Bay Area Peninsula in Downtown San Mateo
Downtown location off the 101 Freeway, walking distance to Caltrain station

Property Flyers

Cap Rate: 3.20 %

Amenities

  • Corner Lot
  • Signage
  • Signalized Intersection

Public Transportation

Commuter RailDriveWalkDistance
San Mateo Commuter Rail (Caltrain) 2 min 7 min 0.3 mi
Hayward Park Commuter Rail (Caltrain) 4 min - 1.4 mi
AirportDriveWalkDistance
San Francisco International Airport 12 min - 7.0 mi
Oakland International Airport 34 min - 26.1 mi
San José International Airport 35 min - 27.2 mi

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
Sean Heffran 650-270-7369 Estates Company
Sean Heffran 650-270-7369 Estates Company