Prime Downtown San Mateo Retail Investment with Redevelopment Potential
233–235 Baldwin Street, San Mateo, CA; asking $2.89M
Positioned in the heart of vibrant Downtown San Mateo, these two standalone retail buildings offer an exceptional opportunity for investors and developers alike. Featuring high visibility frontage on Baldwin Street, the properties benefit from strong pedestrian and vehicular traffic, surrounded by an eclectic mix of restaurants, boutiques, offices, and residential communities.
Currently configured for retail use, the buildings provide stable income with the added upside of future redevelopment potential. With favorable zoning and a location in one of the Peninsula’s most dynamic downtown corridors, the site is well-suited for mid-scale redevelopment, including mixed-use, boutique office, or modern retail concepts (buyer to verify with city).
Highlights:
Two freestanding retail buildings with flexible layouts
Prime downtown San Mateo location, just steps from dining, shopping, and Caltrain
Strong surrounding demographics and growing residential base
Potential for mid-scale redevelopment or value-add repositioning
Rare opportunity in one of the Bay Area’s most desirable downtown markets