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1901 S Norfolk St 1,372 SF 100% Leased Retail Building San Mateo, CA 94403 $2,300,000 ($1,676.38/SF)
Investment Highlights
- Convenient access to Highways 101 and 92
- Current Use : Restaurant.
- NNN Leased Retail Investment.
Executive Summary
PRICE REDUCTION
NNN Leased Retail Investment For Sale
Former Taco Bell, now Apple Fritter Restaurant - Built in 1977 - 100% Occupied - Five rooms, Two restrooms. - Current Use : Restaurant - FAR : 1 - Remaining lease is three more years with optionto extend for five more years effective October 1, 2028. - Outdoor seating - Convenient access to Highways 101 and 92 ZONING C-4-1, Commercial, which includes zoning categories C1, C2, and C-3. Zoning allows residential development.
NNN Leased Retail Investment For Sale
Former Taco Bell, now Apple Fritter Restaurant - Built in 1977 - 100% Occupied - Five rooms, Two restrooms. - Current Use : Restaurant - FAR : 1 - Remaining lease is three more years with optionto extend for five more years effective October 1, 2028. - Outdoor seating - Convenient access to Highways 101 and 92 ZONING C-4-1, Commercial, which includes zoning categories C1, C2, and C-3. Zoning allows residential development.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,372 SF
Building Class
C
Year Built
1977
Price
$2,300,000
Price Per SF
$1,676.38
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
0.31 AC
Zoning
C-4-1 - Commercial, which includes zoning categories C1, C2, and C-3. Zoning allows residential development.
Parking
20 Spaces (14.58 Spaces per 1,000 SF Leased)
Frontage
93’ on S Norfolk St
Amenities
- Freeway Visibility
- Signalized Intersection
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 035-392-100 | Improvements Assessment | $326,151 |
| Land Assessment | $294,445 | Total Assessment | $620,596 |
Property Taxes
Parcel Number
035-392-100
Land Assessment
$294,445
Improvements Assessment
$326,151
Total Assessment
$620,596
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1901 S Norfolk St
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