6701-6705 Mission St - Storefront Retail/Office FOR SALE


Daly City, CA 94014- Hillside
$1,450,000 USD
650-450-0920
6701-6705 Mission St, Daly City, CA for Sale
$1,450,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | Request Cap Rate

NEW


6701-6705 Mission St
Daly City, CA 94014
Hillside


HIGHLIGHTS

  • Prime Value-Add Retail/Office Investment Opportunity
  • All Leases Month-to-Month with Significant Rental Upside
  • Owner-User Opportunity with Ground Floor Retail Space
  • Prominent Corner Location on Mission Street
  • Less Than ½ Mile to Daly City BART & Easy Access to I-280
  • ±3,884 SF Mixed-Use Building with Ground Floor Retail & Second Floor Offices

OVERVIEW

High-Visibility Location on Mission Street Marketing description Marcus & Millichap is pleased to present the opportunity to acquire 6701 Mission Street in Daly City, California. The property is a mixed-use building located on Mission Street and Alp Avenue. The building is approximately 3,884 square feet and is situated on a 2,250 square foot site. The zoning designation for the site is Light Commercial, which allows for a wide range of office and retail uses. Currently, the ground floor of the property is occupied by a single retail tenant, and the upper floor is divided into eight private offices. 6701 Mission Street is a prime value-add investment opportunity, and also has the potential for owner-occupancy. All tenants are on month-to-month leases and pay rents below the market rate, presenting an enticing opportunity for investors to adjust rental rates to market. Additionally, the building could be purchased by an owner/user to occupy the entire ground floor space. Investment highlights Prime value-add retail/office investment opportunity in Daly City +/-3,884 square foot building with ground floor retail and second floor office All leases are on a month-to-month basis and well below market Most tenants have occupied the property for many years Prominent corner location along Mission Street; traffic counts exceed 18,000 cars per day Zoning designation permits a wide range of retail and office uses Less than one-half mile to the Daly City BART station and easy to access from Interstate 280

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$351 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Storefront, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1904

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

C1

APN/PARCEL ID

003-122-020

ASK ABOUT THIS PROPERTY

Kirk TrammellMarcus & MillichapMore Info
650-450-0920

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Kirk TrammellMarcus & MillichapMore Info
650-450-0920

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