PENINSULA OWNER-USER / INVESTMENT PROPERTY 180 South Blvd 1,835 SF Retail Building San Mateo, CA 94402 $1,100,000 ($599.46/SF)

Please Inquire for the Offering Memorandum
(650) 281-8877
diego.labutay@corcoranicon.com
180 South Boulevard presents a rare opportunity to acquire a single-tenant commercial building in the heart of the San Francisco Peninsula, offered at $1,100,000 ($600/SF on the building, $231/SF on the land). The ±1,834 SF building sits on a ±4,767 SF lot (two parcels) in central San Mateo, moments from the S. El Camino Real corridor, Caltrain, US-101, and SR-92. The driveway is included, allowing front, side, and rear access to the building.
The property is leased to a single tenant on a gross lease that expires January 31, 2027 with no renewal option — a near-term rollover that creates uncommon flexibility for two distinct buyer profiles. An owner-user can plan to occupy the building for their own business at lease expiration, a scarce chance to own rather than lease in one of the Bay Area's most supply-constrained submarkets.
Alternatively, an investor can capture clear mark-to-market upside: in-place rent of $4,399.54/month (±$28.79/SF/yr, gross) sits below current San Mateo levels, and the flexible C2-1 zoning broadens the pool of renewal and replacement tenants. Backed by high incomes, limited developable land, and durable tenant demand, 180 South Boulevard offers a well-located, small-footprint asset with a defined path to value.