Prime Investment in Downtown San Carlos 1185 Laurel St 2,633 SF 63% Leased Retail Building San Carlos, CA 94070 $2,100,000 ($797.57/SF)

1185-1189 Laurel Street is a ±2,633 SF retail building located on one of the most sought-after commercial corridors on the San Francisco Peninsula. Situated in the heart of downtown San Carlos, this two-unit property offers a rare combination of stable NNN income and value-add upside through a vacant suite ready for lease-up.
1189 Laurel Street (±1,658 SF) is leased to Bober Tea on a long-term NNN lease through April 2033, currently generating $7,819.98 per month. 1185 Laurel Street (±975 SF) is currently vacant, offering a new owner the flexibility to lease at market rents, owner-occupy, or reposition the space for a boutique retail or service-oriented user.
The building underwent a full exterior renovation in 2023, enhancing curb appeal, signage visibility, and overall tenant image along a corridor known for vibrant foot traffic and a curated mix of independent restaurants and retailers.
Laurel Street is a transit-oriented, high-visibility retail destination just steps from the Caltrain station and one block from El Camino Real, providing excellent regional access and a strong daytime population base. The property sits within minutes of major Silicon Valley employers including Meta, Google, Oracle, Stanford University, and HP, in a submarket defined by high disposable income and consistently strong demand for retail space.