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Listed by Hector H Rosas NOVO
$775,000
Est. payment /mo
2,515 SqFt
Active
172 E 3rd AVE San Mateo, CA 94401
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Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 2,515 sqft
Price per Sqft $308
MLS Listing ID 425018108
HOA Y/N No
Lot Size 3,571 Sqft
Acres 0.082
Property Sub-Type Business
Property Description
172 E 3rd Ave in downtown San Mateo is a Second-Generation Vacant Restaurant Space: Substantial foot and vehicle traffic. Immediate proximity to ample public parking and a Caltrain station. 1,645 sqf of ground-level space and an additional 870 sqf. of mezzanine storage. The current tenants have invested a tremendous amount of time and capital into the build out. Transforming this space into a 95% turnkey operation. While they have not opened the space the work has been completed to a high standard, allowing a new owner to quickly occupy the space. Upgrades have been made to the electrical and plumbing systems. ALL New 16-foot type 1 Hood with fire suppression, Hermetically Sealed Walk in and Freezer combo, grease trap, sinks, prep area ADA bathroom complying with all necessary regulations. Additional comprehensive renovations featuring high-quality finishes. A state-of-the-art fully equipped open concept Commercial-Grade Kitchen. The space features new tile flooring, stylish wall decorations and carefully curated lighting exposed brick accents.This opportunity comes with a favorable existing lease. Current tenants are in the 5th year of a 10-year lease with 2 additional 5-year options. Current lease is in the low $6000s .Must see to appreciate. No Real Estate Is included
Location
State CA
County San Mateo
Area San Mateo
Zoning Retail
Interior
Interior Features Other Walls
Heating Other
Cooling See Remarks
Flooring Concrete, Tile
Fireplace No
Exterior
Roof Type Other
Handicap Access Wheelchair Access
Building
Lot Description Airport Nearby, City Lot, Downtown Commercial, Freeway Nearby, Near Public Transit, Residential Area, Restaurant Nearby, Shopping Center Nearby
Story 1
Sewer Public Sewer
New Construction No
Others
Tax ID 034172060
Acceptable Financing Cash, SBA Loan
Listing Terms Cash, SBA Loan
