$3,000,000
151 87th Street Daly City, CA 94015
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$3,000,000
Est. payment /mo
10,000 SqFt
UPDATED:
10/24/2024 11:43 AM
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Pending
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $300
MLS Listing ID ML81974213
HOA Y/N No
Year Built 1900
Lot Size 0.459 Acres
Acres 0.46
Property Description
Civic Center Plaza is a multi-tenant retail and office building located on 87th Street between Junipero Serra Boulevard and Sullivan Avenue. The building totals approximately 10,000 gross square feet and is situated on a 0.46-acre site. There are 34 parking spaces on site, for a ratio of 3.40 per 1,000 square feet. The ground floor retail space is currently leased to three tenants. Each unit has its own storefront facing the parking lot, which facilitates independent access for customers and provides flexibility for various types of businesses. There are multiple storefronts and the space can be demised to accommodate up to seven tenants. The second-floor office space houses several private offices, which are accessible through a dedicated stairway from the ground floor. These offices vary in size and configuration, tailored to accommodate different business needs such as small startups, consulting firms, or professional services. The second floor also features common men's and women's restrooms for the office tenants. All tenants are month-to-month and contract rents are well below market. This provides an investor the opportunity to increase rents to market and achieve an attractive return on the property.
Location
State CA
County San Mateo
Area Listing
Zoning Reta
Interior
Heating Forced Air
Fireplace No
Exterior
Utilities Available Master Meter
Building
New Construction No
Others
Tax ID 006204130
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Listed by Joshua Johnson • Marcus & Millichap
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122