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40-46 37th Ave 3,464 SF 100% Leased Retail Building San Mateo, CA 94403 $1,850,000 ($534.06/SF)
Investment Highlights
- www.37thave.com
Executive Summary
Rare Prime Mixed-Use Investment – San Mateo www.37thave.com
Three-unit property on bustling 37th Avenue: two vacant commercial units (42 & 44 37th Ave) and one occupied residential unit (46 37th Ave). Recently renovated, the commercial spaces are ready for a variety of tenant uses.
The beautifully remodeled residential unit features 2 bedrooms, 2.5 baths, two patios, in-unit laundry, and a complete modern renovation including new kitchen, baths, flooring, lighting, and appliances—ideal for an owner-user or pied-à-terre.
Exceptional visibility, high foot traffic, and flexible space make this an ideal opportunity for investors, owner-users, or creative entrepreneurs.
Three-unit property on bustling 37th Avenue: two vacant commercial units (42 & 44 37th Ave) and one occupied residential unit (46 37th Ave). Recently renovated, the commercial spaces are ready for a variety of tenant uses.
The beautifully remodeled residential unit features 2 bedrooms, 2.5 baths, two patios, in-unit laundry, and a complete modern renovation including new kitchen, baths, flooring, lighting, and appliances—ideal for an owner-user or pied-à-terre.
Exceptional visibility, high foot traffic, and flexible space make this an ideal opportunity for investors, owner-users, or creative entrepreneurs.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,464 SF
Building Class
C
Year Built
1950
Price
$1,850,000
Price Per SF
$534.06
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.80
Lot Size
0.10 AC
Zoning
C10001, San Mateo
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 042-123-400 | Improvements Assessment | $971,341 |
| Land Assessment | $971,341 | Total Assessment | $1,942,682 |
Property Taxes
Parcel Number
042-123-400
Land Assessment
$971,341
Improvements Assessment
$971,341
Total Assessment
$1,942,682
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Pacific Investment Real Estate
40-46 37th Ave
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