Cornell Ave. & Regent St
Half Moon Bay, CA 94019
Land For Sale · 0.45 AC

A near zero vacancy rate in Princeton and a sub 6% industrial vacancy rate in San Mateo County make this an attractive opportunity for an investor looking to capitalize on the industrial property boom fueled by the rise of e-commerce. In the past five years a few million square feet of industrial space in San Mateo County has also been redeveloped and converted into office, life science and other uses which has further limited the supply of available industrial properties. An Owner/user may also find this property a rare opportunity to "build to suit" for their business' specific space needs. Half Moon Bay/El Granada/Princeton is a favorite destination for the approximately 4 million annual visitors who come to the area for the year around outdoor activities along with great restaurants, hotels and charming retail stores. The subject property is walking distance from b&bs, beaches, restaurants and the Pillar Point Harbor. Its also conveniently located approximately 25 minutes from the San Mateo peninsula, 30 minutes south of San Francisco and 45 minutes north of San Jose. The Princeton area has been undergoing significant changes in the past five years. The County is currently in the process of updating the land use plan ("Plan Princeton") to further address the area's conversion from a marine related industrial area to more of a visitor serving, creative "makers" area. The neighborhood is flourishing with access to great chefs, artists, wellness practitioners, furniture craftsman and artisans making local wine, liquor and beer.