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136 2nd Ave
San Mateo, CA 94401
Retail Property For Sale
Investment Highlights
- Freestanding building in downtown San Mateo with 40 dedicated parking stalls across two parcels.
- Directly across from Sutter Health Mills-Peninsula Medical Center, creating significant daytime demand.
- Surrounded by a dense mix of retail, dining, and professional services in a strong demographic trade area.
- High-visibility location at the hard corner of 2nd Avenue and San Mateo Drive with strong traffic counts.
- Convenient access to El Camino Real, Highway 101, and Caltrain for easy regional connectivity.
Executive Summary
This rare freestanding retail opportunity in the heart of Downtown San Mateo consists of two parcels totaling approximately 30,252 square feet of land area with an ±7,993 square foot building footprint. The property offers 40 dedicated on-site parking stalls and sits prominently on the hard corner of 2nd Avenue and San Mateo Drive, benefiting from strong visibility and multiple ingress and egress points.
Its central downtown location places the asset just steps from vibrant retail, dining, and service amenities, and directly across from Sutter Health’s Mills-Peninsula Medical Center. With proximity to major transportation routes including El Camino Real and Highway 101, as well as easy access to Caltrain, this site provides both connectivity and convenience. Ideal for investors seeking scarce urban infill retail property in a thriving, high-income trade area.
Its central downtown location places the asset just steps from vibrant retail, dining, and service amenities, and directly across from Sutter Health’s Mills-Peninsula Medical Center. With proximity to major transportation routes including El Camino Real and Highway 101, as well as easy access to Caltrain, this site provides both connectivity and convenience. Ideal for investors seeking scarce urban infill retail property in a thriving, high-income trade area.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Bank
Building Size
7,993 SF
Building Class
C
Year Built
1978
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.69 AC
Zoning
CB000D - Commercial
Parking
40 Spaces (2.03 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
- Wheelchair Accessible
Property Taxes
| Parcel Numbers | Improvements Assessment | $801,068 | |
| Land Assessment | $4,107,127 | Total Assessment | $4,908,195 |
Property Taxes
Parcel Numbers
Land Assessment
$4,107,127
Improvements Assessment
$801,068
Total Assessment
$4,908,195
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