$3,000,000
$3,250,000
7.7%For more information regarding the value of a property, please contact us for a free consultation.
0.32 Acres Lot
SOLD DATE : 07/03/2024
Key Details
Sold Price $3,000,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81944310
Sold Date 07/03/24
HOA Y/N No
Year Built 1970
Annual Tax Amount $17,290
Lot Size 0.319 Acres
Property Description
A rare opportunity to own a great investment property in one of the most sought after areas on the San Francisco Peninsula! Situated on a large prominent corner parcel hosting two long term occupants, this meticulous property has so much to offer! Here are just some important attributes of this offering: Prime, Large Parcel at 8th Avenue & Middlefield Road is ± 13,919 SqFt (per Tax Record), Long-Term Tenants - National Brand Recognition (QuikStop, Pizza Hut) - Both Tenants on NNN Leases, Both Leases have 4+ Years Remaining, 4.16% CAP Rate; $156,067.68 NOI, Robust Zoning Opportunity!
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning C10000
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Roof Type Tar/Gravel
Present Use Commercial
Total Parking Spaces 12
Building
Water Public
Others
Tax ID 060182390
Financing Private
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Bought with RECIP