201-203 S Delaware Street presents a rare fee simple owner-user and investment opportunity in the heart of San Mateo, one of the Peninsula’s most desirable markets. The property consists of approximately 5,075 rentable square feet situated on a 0.13-acre parcel and offers flexibility for both investors and business operators. Offered at $3,288,000, the asset is currently generating an annual NOI of approximately $172,804. Its central location provides convenient access to downtown San Mateo, major transportation corridors, Hillsdale Shopping Center, and numerous neighborhood amenities. The surrounding area benefits from strong demographics, including a median household income of $155,071 and an average household income of $178,842 within a five-mile radius. This is an opportunity to acquire a well-located mixed-use asset in a high-demand market with long-term appreciation and income potential.