CA > San Mateo
San Mateo, CA 94401,220 N San Mateo DR
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San Mateo, CA 94401,220 N San Mateo DR
San Mateo, CA 94401,220 N San Mateo DR
San Mateo, CA 94401,220 N San Mateo DR
San Mateo, CA 94401,220 N San Mateo DR
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Alan Canas

Alan Canas

+1(415) 298-8940
Listed by Cole Simpson • Marcus & Millichap
$ 4,380,000
Est. payment /mo
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Active

220 N San Mateo DR San Mateo, CA 94401

1 Bed

1 Bath

4,310 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,310 sqft

Price per Sqft $1,016

MLS Listing ID ML81997776

Bedrooms 1

Full Baths 1

Year Built 1938

Lot Size 0.426 Acres

Property Sub-Type Five or More Units

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 Eastern Addition/Downtown Area

Zoning E2-1.5

Interior

Heating Wall Furnace

Cooling None

Exterior

Parking Features Detached Garage, Uncovered Parking

Garage Spaces 4.0

Utilities Available Public Utilities

Roof Type Shingle

Building

Foundation Wood Frame

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 032-198-240

Security Features None

Special Listing Condition Not Applicable

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Alan Canas

PRIVATE OFFICE ADVISOR & LICENSED PARTNER | Realtor® | License ID: CA DRE #01793936

+1(415) 298-8940

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220 N San Mateo DR