Homes for sale - 172 E 3rd AVE #172, San Mateo, CA 94401

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Leo Quinones

leo@living7x7.com +1(415) 707-0755

Listed by Hector H Rosas NOVO

$ 775,000

Est. payment | -/mo

2,515 SqFt

Save

$ 775,000

Est. payment | -/mo

Save

2,515 SqFt

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 2,515 sqft

Price per Sqft $308

MLS Listing ID 425018108

HOA Y/N No

Lot Size 3,571 Sqft

Acres 0.082

Property Sub-Type Business

Property Description

In the heart of vibrant Downtown San Mateo! This exceptional second-generation restaurant space located at 172 E 3rd Ave, presents a rare opportunity to step into a meticulously renovated and virtually turnkey establishment. Boasting a prime location with high visibility and accessibility, this space is poised to become a thriving culinary destination. Strategic Location: Situated on bustling E 3rd Ave, this restaurant benefits from substantial foot and car traffic, ensuring constant exposure to potential patrons. The proximity to ample public parking and the Caltrain station further enhances accessibility, drawing in diners favorable existing lease. Current tenants are currently in the 5th year of a 10-year lease, with 2 additional 5-year options providing long-term stability and the opportunity to grow your business. The current rent is in the low $6000s, an exceptional value for the location. Open Concept: The property features 1,645 square feet of ground-level space, complemented by an additional 870 square feet of storage. The current tenants have invested a generous amount of time and capital into transforming this space into a 95% turnkey operation. While they have not opened the space, the work has been completed to a high standards. 16 Foot Type 1 Hood, ADA Compliant.

Location

State CA

County San Mateo

Area San Mateo

Zoning Retail

Interior

Interior Features Other Walls

Heating Other

Cooling See Remarks

Flooring Concrete, Tile

Fireplace No

Exterior

Roof Type Other

Handicap Access Wheelchair Access

Building

Lot Description Airport Nearby, City Lot, Downtown Commercial, Freeway Nearby, Near Public Transit, Residential Area, Restaurant Nearby, Shopping Center Nearby

Story 1

Sewer Public Sewer

New Construction No

Others

Tax ID 034172060

Acceptable Financing Cash, SBA Loan

Listing Terms Cash, SBA Loan

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(415) 707-0755

leo@living7x7.com

2501 Mission St, San Francisco, CA, 94110, USA

172 E 3rd AVE #172 San Mateo, CA 94401