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


San Mateo, CA 94401- Downtown San Mateo
$9,900,000 USD
408-803-5003
71 E 3rd Ave, San Mateo, CA for Sale
$9,900,000 USD
Storefront Retail/Office - FOR SALE
1/19
null | Request Cap Rate

Mar '27


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


HIGHLIGHTS

  • 100% Leased Investment – Stable in-place cash flow with minimal landlord responsibilities
  • Significant Mark-to-Market Opportunity – Current rents below market provide meaningful upside upon lease rollover
  • Future Owner-User Flexibility – Second-floor office space offers potential occupancy in the near term
  • Trophy Downtown San Mateo Location – Positioned along a highly trafficked retail corridor in a premier Bay Area submarket
  • Historic & Iconic Asset – Former 1st headquarters of YouTube, offering a unique identity and pride of ownership
  • Mixed-Use Zoning with Upside – CBD zoning allows for a variety of retail, office, and residential uses

OVERVIEW

SVN | Capital West Partners, as exclusive advisor, is pleased to present 71 East 3rd Avenue, a trophy mixed-use retail and office property located in the heart of downtown San Mateo, California. The property is 100% leased, providing stable in-place cash flow with minimal landlord responsibilities. Below-market rents offer a compelling mark-to-market opportunity. The second-floor office space also offers potential flexibility for future owner-occupants, allowing buyers to benefit from existing income while occupying the space in the near term. Ideally positioned along a highly trafficked retail corridor and supported by strong surrounding demographics, this offering represents a rare opportunity to acquire a well-located asset with both stable income and meaningful upside in a premier Bay Area submarket.

FOR SALE DETAILS

PRICE

$9,900,000 USD

PRICE/SF

$928 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

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

Robin Santiago, SIOR, CCIMSVN | Capital West PartnersMore Info
408-803-5003

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

Robin Santiago, SIOR, CCIMSVN | Capital West PartnersMore Info
408-803-5003

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