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- LoopNet Team
600-680 E 3rd Ave
San Mateo, CA 94401
Gateway Crossing Center · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Corner Lot
- Restaurant
- Signage
- Signalized Intersection
- Monument Signage
ABOUT 600-680 E 3RD AVE , SAN MATEO, CA 94401
Rare Investment and/or Development opportunity in downtown San Mateo. This property has never hit the open market. The only multi-tenant retail strip center in Downtown San Mateo with an onsite parking lot with 28 spaces. 100% occupied, 7 tenants, including 7Eleven and Ike's Place. All leases are NNN, with uncapped property tax increases. Commercial CBD/S (Central Business District/Support) Zoning in the CPID Central Parking Improvement District. Broad commercial development upside opportunity: Office, Multi-Family Residential, Retail, Mixed-Use, ± 0.64 acre parcel (± 27,660 SF), 55 foot height maximum, 3.0 FAR, underground parking allowed. Located along the 3rd Ave gateway corridor to Downtown San Mateo off the 101 Freeway at the signalized corner intersection of 3rd Ave and Delaware Street. Average Daily Traffic at 3rd and Delaware = ± 28,000 cars.
PROPERTY TAXES
| Parcel Number | 034-188-140 | Improvements Assessment | $1,371,079 |
| Land Assessment | $15,077,643 | Total Assessment | $16,448,722 |
PROPERTY TAXES
