71 E 3rd Ave - Storefront Retail/Office FOR SALE


San Mateo, CA 94401- Downtown San Mateo
$9,900,000 USD
415-349-3505
71 E 3rd Ave, San Mateo, CA for Sale
$9,900,000 USD
Storefront Retail/Office - FOR SALE
1/9
null | 4.13% Cap Rate

71 E 3rd Ave
San Mateo, CA 94401
Downtown San Mateo


HIGHLIGHTS

  • Significant Value-Add: Capitalize on future income upside with current retail tenants paying substantially below market rent.
  • Stable Passive Income: Enjoy consistent cash flow and minimal management due to 100% net-leased occupancy across three tenants.
  • Strong Appreciation Potential: Benefit from ongoing development in the immediate CBD, including new office, retail, and 480 housing units.
  • Trophy Downtown Location: Positioned on San Mateo’s most vibrant and heavily trafficked corridor, ensuring robust demand for retail and office space.
  • Iconic Property: Own a piece of history as the original headquarters of YouTube, offering unique pride of ownership and enduring appeal.

OVERVIEW

Avison Young is proud to present a rare opportunity to acquire a trophy mixed-use property in an irreplaceable core downtown San Mateo location. This historic property receives recognition as the first YouTube headquarters and the first Amici’s East Coast Pizzeria location, underscoring the property’s significance and enduring appeal. 100% occupied, the property operates under a triple-net lease structure, offering a streamlined management approach for investors. The existing leases are at below-market rents, presenting significant value-add potential through future lease renewals or re-tenanting at prevailing market rates. The property’s high-end demographics and a centralized location within the San Francisco Silicon Valley further solidify its long-term investment appeal. This is a unique chance to own a landmark asset in a premier location, offering both immediate passive income and substantial upside in a dynamic and high-growth market.

FOR SALE DETAILS

PRICE

$9,900,000 USD

PRICE/SF

$928 USD /SF

CAP RATE

4.13%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

CB000D

APN/PARCEL ID

034-142-110

ASK ABOUT THIS PROPERTY

Laef BarnesAvison YoungMore Info
415-349-3505

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Laef BarnesAvison YoungMore Info
415-349-3505

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