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$4,380,000
Est. payment /mo
0.43 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81997776
HOA Y/N No
Year Built 1938
Annual Tax Amount $59,764
Lot Size 0.426 Acres
Property Description
220 N San Mateo Dr offers a prime multifamily investment opportunity, featuring favorable zoning that supports potential redevelopment or the addition of ADUs. Situated on a large 18,700 square foot parcel of land, the subject property was originally constructed in 1938 and features a gross building area of approximately 4,310 square feet, offering tenants spacious one-bedroom floor plans. Approximately half of the subject property is currently undeveloped vacant land offering a value-add opportunity with the development of ADUs or a complete redevelopment to various uses. Strategically positioned near the lively Downtown San Mateo, 220 N San Mateo Dr provides tenants with a myriad of high-end shopping, dining, and entertainment options. Tenants also benefit from proximity to some of the area's most prominent employers including Franklin Templeton Investments, Sony, Snowflake, Rakuten, and Roblox. Additionally, the subject property offers easy access to the major transportation corridors of U.S. Highway 101, San Mateo-Hayward Bridge, Interstate 280, and El Camino Real. 220 N San Mateo Dr presents an attractive choice for investors due to its favorable zoning, value-add opportunity, and proximity to Downtown San Mateo.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning E2-1.5
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Roof Type Shingle
Total Parking Spaces 4
Building
Water Public
Schools
School District Other
Others
Tax ID 032198240
Special Listing Condition Standard
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Listed by Cole Simpson • Marcus & Millichap