2163 Palm Ave - Warehouse FOR SALE


San Mateo, CA 94403- Hillsdale
$3,100,000 USD
650-208-5282
2163 Palm Ave, San Mateo, CA for Sale
$3,100,000 USD
Warehouse - FOR SALE
1/3
null | Request Cap Rate

2163 Palm Ave
San Mateo, CA 94403
Hillsdale


HIGHLIGHTS

  • Industrial building currently occupied by an owner/user
  • Configured with 45% office space and 55% industrial/storage space
  • +/-1,000 square feet of second floor office space not included in gross building area
  • Fire sprinkler was added during the expansion; new roof installed four years ago
  • Space can easily be divided to accommodate two tenants

OVERVIEW

2163 Palm Avenue is a single-tenant light industrial property located near El Camino Real and State Highway 92 in San Mateo. The building totals approximately 7,715 gross square feet and is situated on a 9,816 square foot site. Approximately 45% of the building is improved with office space, with the remaining 55% currently utilized for manufacturing and storage use. Additionally, there is about 1,000 square feet of bonus second floor office area not included in the gross building area. Loading is provided by two 10-foot by 10-foot grade doors. The building has seven parking spaces and a fenced yard. The property is easily accessible from State Highway 92 and US Highway 101. The interchange of State Highway 92 and El Camino Real is less than one-half mile from the site, and the interchange of State Highway 92 and US Highway 101 is just one mile away. State Highway 92 runs from the Pacific Coast across the San Mateo-Hayward Bridge to communities in the East Bay and connects with US Highway 101 and Interstate 280. US Highway 101 is the main highway connecting the communities on the San Francisco Peninsula with San Francisco and San Jose.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$427 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, Manufacturing, Showroom

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1943

UTILITIES

Gas - Natural, Water - City, Sewer - City, Heating

CLEAR CEILING HT

13 Ft

DOCKS

2

DRIVE INS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.23

LAND SF

9,816

ZONING

C-4, Service Commercial

APN/PARCEL ID

039-071-060

ASK ABOUT THIS PROPERTY

Joshua JohnsonMarcus & MillichapMore Info
650-208-5282

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Joshua JohnsonMarcus & MillichapMore Info
650-208-5282

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