See all 6 photos
6 photos
$2,840,000
Est. payment /mo
0.46 Acres Lot
UPDATED:
Key Details
Sold Price $2,840,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81974213
Sold Date 12/17/24
HOA Y/N No
Year Built 1900
Annual Tax Amount $40,261
Lot Size 0.459 Acres
Property Description
Civic Center Plaza is a multi-tenant retail and office building located on 87th Street between Junipero Serra Boulevard and Sullivan Avenue. The building totals approximately 10,000 gross square feet and is situated on a 0.46-acre site. There are 34 parking spaces on site, for a ratio of 3.40 per 1,000 square feet. The ground floor retail space is currently leased to three tenants. Each unit has its own storefront facing the parking lot, which facilitates independent access for customers and provides flexibility for various types of businesses. There are multiple storefronts and the space can be demised to accommodate up to seven tenants. The second-floor office space houses several private offices, which are accessible through a dedicated stairway from the ground floor. These offices vary in size and configuration, tailored to accommodate different business needs such as small startups, consulting firms, or professional services. The second floor also features common men's and women's restrooms for the office tenants. All tenants are month-to-month and contract rents are well below market. This provides an investor the opportunity to increase rents to market and achieve an attractive return on the property.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning Retail and Office Commerc
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Roof Type Flat
Total Parking Spaces 34
Building
Story 2
Water Public
Others
Tax ID 006204130
Financing Cash
Read Less Info
Listed by Joshua Johnson • Marcus & Millichap
Bought with David Cutler • 24/7 Realty Inc.
Bought with David Cutler • 24/7 Realty Inc.
GET MORE INFORMATION
