71 E 3rd Ave - Storefront Retail/Office FOR SALE
San Mateo, CA 94401 |
71 E 3rd Ave
San Mateo, CA 94401
HIGHLIGHTS
- Significant Value-Add: Current rents averaging 40% below market with 75% of the rentable area up for renewal in 2027.
- 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.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
TOTAL BUILDING SIZE
10672
STORIES
2
YEAR BUILT
1931
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
034-142-110
