216 N San Mateo Dr - Office FOR SALE


San Mateo, CA 94401- North Central
$2,400,000 USD
650-576-5408
216 N San Mateo Dr, San Mateo, CA for Sale
$2,400,000 USD
Office - FOR SALE
1/13
null | Request Cap Rate

NEW


216 N San Mateo Dr
San Mateo, CA 94401
North Central


HIGHLIGHTS

  • Prime Location - Employees are just two blocks away from Downtown San Mateo, home to a myriad of shopping, dining and entertainment options.
  • Walking distance to San Mateo Caltrain Station
  • Large Open Parking Lot

OVERVIEW

Currently owner occupied and will delivered vacant beginning of 2026. 216 N San Mateo Dr is an exceptional office investment opportunity located in the thriving city of San Mateo, California. The subject property is situated on a 8,412 square foot parcel of land and has a gross building area of approximately 2,796* square feet, offering a spacious office floor plan across two stories. San Mateo is strategically located between San Francisco and San Jose. The city is well situated and offers an ideal climate in a robust and successful community and region. San Mateo offers a vibrant business and retail environment with several major shopping centers and an active downtown area. Many notable attractions in the city include the many street retailers lined along North El Camino Real, the popular Hillsdale Shopping Center, and San Mateo Medical Center. 216 N San Mateo Dr is within one mile to San Mateo Central Park and Downtown San Mateo, featuring a myriad of high-end shopping, dining and entertainment options. The subject property is also located within close proximity to the major transportation corridors of U.S. Highway 101, California State Route 92, the San Mateo Caltrain Station, and the major thoroughfare of El Camino Real. These transportation hubs provide employees with convenient access from San Francisco and San Jose and is within close proximity to many of the nation's top tech employers including Google, Facebook, Stanford, Box Inc., Visa, Sony as well as many others. The investment appeal of this asset is driven by San Mateo's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the Peninsula, 216 N San Mateo Dr presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$858 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

EA00E2

APN/PARCEL ID

032-198-230

ASK ABOUT THIS PROPERTY

Justin FinkMarcus & MillichapMore Info
650-576-5408

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Justin FinkMarcus & MillichapMore Info
650-576-5408

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