350-366 State St - Storefront FOR SALE


Los Altos, CA 94022- North Los Altos
$3,910,500 USD
650-320-0234
350-366 State St, Los Altos, CA for Sale
$3,910,500 USD
Storefront - FOR SALE
1/5
null | Request Cap Rate

350-366 State St
Los Altos, CA 94022
North Los Altos


HIGHLIGHTS

  • Prime Central Location in Downtown Los Altos
  • Multi-tenant Property with Income and Flexibility to Increase Cash Flow
  • Development Opportunity with Recent Zoning Changes in Los Altos
  • Investment and/or Owner/User Opportunity

OVERVIEW

Cushman & Wakefield, acting as the exclusive listing agent, is excited to offer the opportunity to acquire the property at 350-366 State Street, Los Altos, CA 94022. The ±4,740 square foot building features four retail units on the ground floor. This represents a unique opportunity for an investor or owner-occupant to acquire a multi-tenant property in a prime corner location in Downtown Los Altos, in the heart of Silicon Valley. The property’s current tenants generate immediate cash flow, and the short-term leases provide the flexibility to renovate and modernize the building to capture market rents or for the owner to occupy one or more units themselves. Located between State Street and 2nd Street in Downtown Los Altos, the property is surrounded by retail, office, and residential spaces. It is also part of the Downtown Los Altos Parking District. Recent developments in the area, including new retailers, restaurants, and residential projects, have revitalized the downtown area.

FOR SALE DETAILS

PRICE

$3,910,500 USD

PRICE/SF

$825 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

CRS

APN/PARCEL ID

167-39-037

ASK ABOUT THIS PROPERTY

Eric SorensenCushman & WakefieldMore Info
650-320-0234

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Eric SorensenCushman & WakefieldMore Info
650-320-0234

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