3301 Middlefield Rd - Storefront FOR SALE


Menlo Park, CA 94025
$4,800,000 USD
650-465-1100
3301 Middlefield Rd, Menlo Park, CA for Sale
$4,800,000 USD
Storefront - FOR SALE
1/2
null | 6.58% Cap Rate

3301 Middlefield Rd
Menlo Park, CA 94025


HIGHLIGHTS

  • Fully leased neighborhood retail center occupied by twelve tenants.
  • Located along the established Middlefield Road commercial corridor.
  • Neighborhood Mixed Use zoning supports residential and commercial uses.
  • Convenient access to Highway 101, El Camino Real, and Caltrain service.
  • Positioned between Palo Alto and Redwood City in Silicon Valley.
  • Diversified tenant roster provides multiple income sources.

OVERVIEW

3301 Middlefield Road presents the opportunity to acquire a fully leased neighborhood retail center in Menlo Park, one of Silicon Valley’s most established and supply-constrained markets. The property consists of a multi-tenant retail asset situated along the Middlefield Road corridor, providing visibility and access within a densely populated Peninsula location. The center is currently occupied by twelve tenants, creating diversified income from a broad tenant mix and supporting stable in-place cash flow. The property benefits from its location between Palo Alto and Redwood City, with convenient connectivity to Highway 101, El Camino Real, Caltrain service, Stanford University, and many of the region’s major employment centers. Menlo Park is home to the global headquarters of Meta and is closely tied to the innovation economy that continues to drive demand throughout Silicon Valley. The surrounding area includes established residential neighborhoods, neighborhood-serving retail, professional services, and a significant daytime workforce. An additional component of the investment opportunity is the property's Neighborhood Mixed Use zoning designation, which allows a combination of residential and commercial uses. This zoning framework provides future flexibility for ownership while maintaining the benefit of current retail operations. Investors can capitalize on existing income while evaluating future opportunities created through lease rollover, tenant repositioning, rent growth, or potential redevelopment considerations consistent with local zoning regulations. The combination of stabilized occupancy, diversified tenancy, Silicon Valley location, and mixed-use zoning flexibility positions the property as an opportunity for investors seeking both current income and long-term value creation potential.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$298 USD /SF

CAP RATE

6.58%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

NMU/DR

APN/PARCEL ID

060-074-190

ASK ABOUT THIS PROPERTY

David O'SuchNewmarkMore Info
650-465-1100

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David O'SuchNewmarkMore Info
650-465-1100

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