987 Laurel St - Veterinarian/Kennel FOR SALE


San Carlos, CA 94070
$1,800,000 USD
650-793-0541
987 Laurel St, San Carlos, CA for Sale
$1,800,000 USD
Veterinarian/Kennel - FOR SALE
1/7
null | 5.09% Cap Rate

Dec '26


987 Laurel St
San Carlos, CA 94070


HIGHLIGHTS

  • Turn-Key Veterinarian Medical Office. For Lease or Sale, both subject to review of prospect's financial statements.
  • Vibrant, highly visible signage.
  • Walking distance to Caltrain, El Camino Bus Lines. Convenient location with easy street parking and private parking in back.
  • Call Alexander Kent for more information 650-793-0541.

OVERVIEW

LEASED INVESTMENT TO SAGE VETS WITH DEVELOPMENT UPSIDE. For Lease or Sale, both subject to review of prospect's financial statements. MU-N-50: Neighborhood Mix: retail, commercial, and office uses, as well as residential development of up to fifty (50) units per net acre. Permissible uses: Multi unit residential, family childcare small and large, Residential care - limited, community assembly(minor use permit), cultural (MUP), day care, instructional, schools (CUP), social service (CUP), pet grooming(*5), bank and financial services (mup), business services (9*), restaurant (cup), convenience store (cup), food prep, business and professional office, medical office (9*), personal service. Please speak with a city planner and an architect to confirm whether your use is permissible. Please do not disturb existing tenant. 48-hour advance notice to tenant required, conducted through listing broker, to tour any portion of the property. Sage tenant's lease expires 12/31/2026. While they have options to renew, we project that the tenant won't renew and may vacate as early as Summer 2026. Post Sale NOI= $91,670.06. Approx. 5.1% cap rate at $1,800,000. $6.50/sf NNN plus $1.83/sf CAMs x 1,185 sf. Call Alexander Kent for more information. 650-793-0541.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$1,519 USD /SF

CAP RATE

5.09%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Leased Investment with Development Upside!

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Veterinarian/Kennel

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,071 SF

ZONING

MU-N-50: Neighborhood Mix

APN/PARCEL ID

051-358-020

ASK ABOUT THIS PROPERTY

Alexander KentCompassMore Info
650-793-0541

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Alexander KentCompassMore Info
650-793-0541

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