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71 E 3rd Ave
San Mateo, CA 94401
Retail Property For Sale
Investment Highlights
- Significant Value-Add: Current rents averaging 40% below market with 75% of the rentable area up for renewal in 2027.
- Strong Appreciation Potential: Benefit from ongoing development in the immediate CBD, including new office, retail, and 480 housing units.
- Iconic Property: Own a piece of history as the original headquarters of YouTube, offering unique pride of ownership and enduring appeal.
- Stable Passive Income: Enjoy consistent cash flow and minimal management due to 100% net-leased occupancy across three tenants.
- Trophy Downtown Location: Positioned on San Mateo’s most vibrant and heavily trafficked corridor, ensuring robust demand for retail and office space.
Property Facts
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,672 SF
Building Class
B
Year Built/Renovated
1931/2025
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.88
Lot Size
0.13 AC
Zoning
CB000D
Frontage
52’ on E Third Street
Property Taxes
| Parcel Number | 034-142-110 | Improvements Assessment | $2,546,899 |
| Land Assessment | $3,820,348 | Total Assessment | $6,367,247 |
Property Taxes
Parcel Number
034-142-110
Land Assessment
$3,820,348
Improvements Assessment
$2,546,899
Total Assessment
$6,367,247
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