$3,000,000
$3,250,000
7.7%For more information regarding the value of a property, please contact us for a free consultation.
3,420 SqFt
SOLD DATE : 07/03/2024
Key Details
Sold Price $3,000,000
Property Type Commercial
Sub Type Commercial Property
Listing Status Sold
Purchase Type For Sale
Square Footage 3,420 sqft
Price per Sqft $877
MLS Listing ID ML81944310
Sold Date 07/03/24
Year Built 1970
Lot Size 0.320 Acres
Property Description
A rare opportunity to own a great investment property in one of the most sought after areas on the San Francisco Peninsula! Situated on a large prominent corner parcel hosting two long term occupants, this meticulous property has so much to offer! Here are just some important attributes of this offering: Prime, Large Parcel at 8th Avenue & Middlefield Road is ± 13,919 SqFt (per Tax Record), Long-Term Tenants - National Brand Recognition (QuikStop, Pizza Hut) - Both Tenants on NNN Leases, Both Leases have 4+ Years Remaining, 4.16% CAP Rate; $156,067.68 NOI, Robust Zoning Opportunity!
Location
State CA
County San Mateo
Area County Area / Fair Oaks Ave
Zoning C10000
Rooms
Other Rooms Office Area, Storage
Interior
Heating Central Forced Air
Cooling Central AC, Multi-Zone
Flooring Laminate, Tile
Exterior
Exterior Feature Balcony / Patio, Fenced, Other
Garage Unassigned Spaces, Uncovered Parking
Utilities Available Public Utilities
Roof Type Rolled Composition,Tar and Gravel
Present Use Commercial,Retail,Service
Building
Foundation Concrete Perimeter and Slab
Sewer Sewer - Public, Sewer Connected
Water Public
Others
Restrictions None
Tax ID 060-182-390
Security Features Security Alarm ,Video / Audio System
Special Listing Condition Not Applicable
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Bought with RECIP • Out of Area Office