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$ 4,800,000
Est. payment | /mo
5,550 SqFt
$ 4,800,000
Est. payment | /mo
5,550 SqFt
Key Details
Property Type Commercial
Sub Type Commercial Property
Listing Status Active
Purchase Type For Sale
Square Footage 5,550 sqft
Price per Sqft $864
Lot Size 7,250 Sqft
MLS Listing ID ML81992151
Property Description
717 Laurel Street is currently a single tenant building comprised of approximately 5,550 sf of ground floor retail space with +/-1,800 sf of additional mezzanine space. Value can be added by re-tenanting and possibly demising it down for multiple retail units. The building will also be available for an owner/user to occupy when the current tenant's lease expires in March 2026. San Carlos is undergoing tremendous development which will make the property a solid long term investment. The City has permanently closed this section of the street to vehicular traffic and has a vision to transform the 700 block of Laurel Street into a public plaza, thereby paving the way for a more vibrant and pedestrian-friendly downtown.
Location
State CA
County San Mateo
Zoning MU-DC
Interior
Heating Central Forced Air
Cooling Central AC
1-purchase type For Sale
Exterior
Garage Parking Area
Utilities Available Individual Electric Meters
Roof Type Other
Present Use Retail
Building
Story 1
Foundation Concrete Slab
Sewer Sewer - Public
Water Individual Water Meter
Story 1
Others
Restrictions None
Tax ID 050-154-220
Security Features Other
Special Sale Not Applicable
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Listed by Randy Kinghorn of Kinghorn Commercial Properties
Bought with Randy Kinghorn of Kinghorn Commercial Properties
Bought with Randy Kinghorn of Kinghorn Commercial Properties
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