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$4,380,000

Est. payment - /mo

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0.43 Acres Lot

Active

220 N San Mateo DR San Mateo, CA 94401

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Chris Mardelli

chris@therealupside.com +1(310) 571-5761

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

Listed by Cole Simpson Marcus & Millichap

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