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41-43 E 3rd Ave 6,990 SF 100% Leased Retail Building San Mateo, CA 94401 $3,500,000 ($500.72/SF)
Executive Summary
41-43 E 3rd Avenue | Downtown San Mateo Retail Investment
Lockehouse Retail Group is pleased to present the opportunity to acquire 41-43 E 3rd Avenue, a 100% leased, two-tenant retail investment prominently located in the heart of Downtown San Mateo. The ±6,990 SF property is situated just one-half block from El Camino Real and benefits from a highly walkable location, strong retail synergy, affluent demographics, and exceptional Peninsula connectivity.
Lockehouse Retail Group is pleased to present the opportunity to acquire 41-43 E 3rd Avenue, a 100% leased, two-tenant retail investment prominently located in the heart of Downtown San Mateo. The ±6,990 SF property is situated just one-half block from El Camino Real and benefits from a highly walkable location, strong retail synergy, affluent demographics, and exceptional Peninsula connectivity.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
6,990 SF
Building Class
C
Year Built
1937
Price
$3,500,000
Price Per SF
$500.72
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
1.21
Lot Size
0.13 AC
Zoning
CBD, San Mateo
Frontage
50’ on E 3rd Ave
Very walkable
80/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 034-142-190 | Improvements Assessment | $827,509 |
| Land Assessment | $3,047,362 | Total Assessment | $3,874,871 |
Property Taxes
Parcel Number
034-142-190
Land Assessment
$3,047,362
Improvements Assessment
$827,509
Total Assessment
$3,874,871
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