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132 N B St 1,710 SF 100% Leased Retail Building San Mateo, CA 94401 $1,050,000 ($614.04/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Located on a high-traffic corridor in downtown San Mateo, surrounded by established shops, eateries, and professional services
- Just steps from Caltrain and minutes to Highways 101, 92, and 280—making it easily accessible for both clientele and staff
- Ideal for owner-operators or investors—whether as workplace space, retail storefront, or leased property. It offers flexibility and multi-use appeal
EXECUTIVE SUMMARY
The court date has been confirmed for Monday December 1, 2025, at 9:00 AM at 400 County Center, Redwood City, Department 3 Probate Division.
The first minimum overbid price will be $1,050,500.
Any prospective overbidder must appear in court with a cashier’s check equal to 10% of the Minimum overbid price (or of the price they intend to offer). The cashier’s check must be made payable to First American Title.
Prime opportunity in the heart of downtown San Mateo! 132 North B Street offers
prime visibility in a high-traffic corridor surrounded by shops, dining, and
professional services. This flexible commercial building is ideal for an owner-user
looking to establish their business or for an investor seeking a strong rental
property in a sought-after location. Just steps to Caltrain and minutes from
Highways 101, 92, and 280, the property combines convenience, accessibility, and
long-term growth potential in one of the Peninsula’s most dynamic downtown
districts. Probate sale, court confirmation required.
The first minimum overbid price will be $1,050,500.
Any prospective overbidder must appear in court with a cashier’s check equal to 10% of the Minimum overbid price (or of the price they intend to offer). The cashier’s check must be made payable to First American Title.
Prime opportunity in the heart of downtown San Mateo! 132 North B Street offers
prime visibility in a high-traffic corridor surrounded by shops, dining, and
professional services. This flexible commercial building is ideal for an owner-user
looking to establish their business or for an investor seeking a strong rental
property in a sought-after location. Just steps to Caltrain and minutes from
Highways 101, 92, and 280, the property combines convenience, accessibility, and
long-term growth potential in one of the Peninsula’s most dynamic downtown
districts. Probate sale, court confirmation required.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
1,710 SF
Building Class
C
Year Built
1970
Price
$1,050,000
Price Per SF
$614.04
Cap Rate
5%
NOI
$52,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.95
Lot Size
0.04 AC
Zoning
CL00C2
Frontage
18’ on B
Walk Score®
Walker's Paradise (97)
Bike Score®
Very Bikeable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 032-323-240 | Improvements Assessment | $35,738 |
| Land Assessment | $17,160 | Total Assessment | $52,898 |
PROPERTY TAXES
Parcel Number
032-323-240
Land Assessment
$17,160
Improvements Assessment
$35,738
Total Assessment
$52,898
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