$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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with RECIP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "