Rare investment opportunity located in the Central Business district of Downtown San Mateo between Second Ave. & Third Ave. The property consists of two freestanding commercial buildings of reinforced brick/concrete construction that share one roof. Both buildings offer 5,235 square feet of leasable space and 48 feet of frontage So. San Mateo Drive. 227 So. San Mateo Drive is currently occupied by Grape & Grain, a ±1,390 SF wine bar, and 231 So. San Mateo Drive is owner-occupied by Steiners Jewelry ±3,845 SF on two levels; 2,845 SF ground floor and 1,020 SF finished mezzanine. The buildings were extensively updated in 2004 including structural, seismic, electrical, lighting, HVAC, 3 bathrooms, and extensive interior finishes, and exterior finishes. The property is zoned CBD - C2 Central Business District and allows for a broad array of uses including restaurant, financial, health, office. Buyer to independently research zoning & use.
MLS #
ML81821055
MLS Source
MLSL
Days on Site
149
# Buildings / # Units
2
Parking Spaces
0
Present Use
Food Service, Retail
Utilities
Other, Water - Public
Flooring
Carpet, Marble, Tile, Vinyl/Linoleum
Cooling
Central Forced Air, Central Forced Air - Gas
Heating
Central Forced Air - Gas, Fireplace
Roof
Tar/Gravel
Foundation
Slab, Other
Sewer
Public Sewer
Water
Public
Zoning
CB000D
227-231 S San Mateo Dr is a Commercial Sale in San Mateo, CA 94401. This 5,235 square foot property sits on a 4,728 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,800,000 and was built in 1920.
This address can also be written as 227-231 S San Mateo Dr, San Mateo, CA 94401.©2021 MLSListings Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MLSListings Inc.
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