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Listed by Virginia Lam • AGH Management
$ 35,000,000
Est. payment | /mo
13,500 SqFt
$ 35,000,000
Est. payment | /mo
13,500 SqFt
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 13,500 sqft
Price per Sqft $2,592
MLS Listing ID ML82011025
Year Built 2013
Lot Size 0.378 Acres
Property Sub-Type Five or More Units
Property Description
Current Entitlement: Introducing a compelling development opportunity at 2700 El Camino Real, offering a vibrant mixed-use project situated for success. The project envisions the transformation of two used car dealership lots and an empty lot into a dynamic space featuring: * 13,500 square feet of ground-floor commercial space: This prime retail area caters to the needs of the surrounding community and leverages the high foot traffic along El Camino Real. * 68 residential condominiums * Three floors of below-grade parking * Proximity to CA-92: Easy access to the highway facilitates convenient commutes and regional connectivity. * Across the street from the future Caltrain station (at 28th) * Surrounded by vibrant shopping and schools Potential in modification to the entitlement: * Increasing in density to156 residential condominiums * 13,900 square feet of ground-floor commercial space * Two or Three floors of below-grade parking. After construction, estimated value will be over $100m. Subject to City of San Mateo's approval
Location
State CA
County San Mateo
Area Park Western Subdivision/Hillsdale
Zoning C30000
Interior
Heating Other
Cooling None
Exterior
Parking Features Assigned Spaces
Garage Spaces 158.0
Utilities Available Public Utilities
Roof Type None
Building
Foundation Other
Sewer Sewer Connections - LESS than 500 feet away
Water Individual Water Meter
Others
Restrictions Other
Tax ID 039-352-060
Security Features None
Special Listing Condition Not Applicable
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Kalani Stone
Agent | Lic# CalBRE: 01336392