1761 Laurel St - Medical FOR SALE


San Carlos, CA 94070
$1,900,000 USD
650-793-0541
1761 Laurel St, San Carlos, CA for Sale
$1,900,000 USD
Medical - FOR SALE
1/8
null | 5% Cap Rate

Mar '28


1761 Laurel St
San Carlos, CA 94070


HIGHLIGHTS

  • Plentiful parking! 6 covered spaces, 4 uncovered spaces, plus easy street parking.
  • 1/2 block off El Camino Real with plentiful public transportation, including bus lines and Caltrain at San Carlos and Redwood City.
  • 1st floor parking could potentially be built out for more retail, office or an apartment to boost NOI on property.
  • South Laurel is getting redeveloped by the City of San Carlos and developers right now. Call planning about your use.
  • Stable tenant in place generates income with 2 year option to extend lease after March 31, 2026 expiration and ROFR on purchase.
  • New Roof 1 Year Ago.

OVERVIEW

Building is 49 feet wide and 57 feet deep. New roof. There is an existing strong tenant, who has a first right of refusal on a sale and an option to extend the lease past March 31, 2026 expiration. If you make a purchase offer, the tenant might want to take that deal, should the seller want to accept it, or the tenant might choose to not exercise their first right and vacate in a time frame that is desirable to a buyer. For buyers/investors that want a leased investment, with a strong tenant, this is a positive scenario for them. For buyers/investors that want a mixed use or residential development opportunity, with in place lease income, this is a positive scenario for them. MU-SB-100: Mixed-Use South Boulevard This district is intended to facilitate the transformation of the southeastern portion of Laurel Street into a mixed-use corridor. The physical form varies to transition from MU-N-40 west of Laurel Street to MU-SB-120 on El Camino Real. This district allows a mix of residential development of up to one hundred (100) units per net acre and retail and commercial uses. Permitted: Office – Business and Professional, Medical and Dental Office, General Personal Service, Multi-Unit Residential, Family Child Care, Day Care, Adult Day Care, Trade School, Community Assembly/Church, Instructional, Private School (CUP), Grooming/Pet Store, Veterinary (CUP), Business Services, Restaurant, Bar (CUP), Hotel, Convenience/Grocery, Retail. Could go 60 feet or 5 stories with existing zoning codes, new state laws could potentially go higher depending on transit assessment. Please call the City of San Carlos Planning Department to confirm the permissibility of your use, and please contact me regardless of what they say to discuss it. https://www.codepublishing.com/CA/SanCarlos/html/SanCarlos18/SanCarlos1805.html#18.05

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$655 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Medical, Retail, Housing, Day Care, Church

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Day Care Center, Restaurant, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

MU-SB-100: Mixed-Use Sout

APN/PARCEL ID

051-375-210

ASK ABOUT THIS PROPERTY

Alexander KentSymphonic Real Estate ServicesMore Info
650-793-0541

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Alexander KentSymphonic Real Estate ServicesMore Info
650-793-0541

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.