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717 Laurel St 5,550 SF Retail Building San Carlos, CA 94070 $4,800,000 ($864.86/SF)
Investment Highlights
- Rare Downtown San Carlos Investment or Owner User
- May be able to Convert Building into Two Units
- City Has Permanently Closed the Street to Vehicles for Pedestrian Mall
- Significant Upside in Rent When Lease Expires 2/28/2026
- Four Parking Spaces in the Back of the Property
- Close Proximity to Major Employment Base in Redwood Shores
Executive Summary
LOCATION DESCRIPTION
San Carlos is located between two major economic hubs San Francisco and San Jose as well as within a ten minute drive from approximate 24
million sf of office space occupied by high paying companies in the fields of technology, finance, law, life/bio sciences and health care. Here is a
partial list of some of the major employers in the surrounding area: Oracle, Visa, Electronic Arts, Sutter/Palo Alto Medical Foundation, Novartis,
PG&E Zuora, Evernote, Check Point, MarkLogic, Nikon, Zuora, Acxiom, Natera, Shutterfly, Nintendo, Bristol Myers Squibb, Box, Fisher
Investments, Snowflake Computing, Indeed, Rakutan, Guideware, WorkDay, Chan Zuckerberg Initiative, SurveyMonkey, Apptus, Gilead ScIences,
Robolox, Franklin Templeton, Tano Capital, Coupa, Qualys, IBM, Marketo, Gunderson Dettmar, Fish & RIchardson, Seiler LLP, and Goodwin & Procter.
The city of San Carlos describes itself as, "ideally situated between San Francisco and San Jose, San Carlos is easily accessed by highways,
railways and airways. The ultimate in geography and livability, it strikes a rare balance between small-town charm and big-city access. Here, a
quaint village feeling goes hand in hand with the latest global advances. It's the best of both worlds, in an extremely convenient and pleasant
location."
Property Facts
Amenities
- Mezzanine
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Hallmark is a privately held American company founded in 1910 and headquartered in Kansas City, Missouri. The organization develops and distributes greeting cards, gift wrap, ornaments, and other consumer products across domestic and international markets. Over its history, Hallmark expanded from postcard sales into multiple product lines and creative divisions, supported by in-house design and manufacturing. Its operations include greeting card production, affiliated creative brands, and media entities operating under Hallmark Media. Hallmark maintains a significant presence through its retail distribution network, supplying products to Hallmark-branded stores and independent retailers. The company remains family-owned and overseen by multi-generation leadership, with diversified business activities that include Crayola and the Crown Center real estate development. Hallmark’s long-standing headquarters location has served as its base since the mid-20th century, supporting corporate functions, creative development, and distribution oversight. As a privately held company, Hallmark does not trade publicly and continues to operate across a broad portfolio within the gifting, creative, and entertainment industries.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
This prime downtown property has approximately 5,550 sf on the ground floor, boasts 50 feet of coveted Laurel Street frontage, an inviting open storefront, a convenient storage/back stock area, and an impressive +/-1,800 SF mezzanine space, offering endless possibilities for retail or restaurant ventures. With high foot traffic counts and the added convenience of four parking spaces at the rear, this property is perfectly poised for success. With the city's innovative pedestrian mall concept in the works, this property is a rare find in a highly desirable downtown location. Scheduled to be available 3/1/2026.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 5,550 SF | Retail | In-Line | Mar 2026 |
1st Floor
| Size |
| 5,550 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Mar 2026 |
1st Floor
| Size | 5,550 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Mar 2026 |
This prime downtown property has approximately 5,550 sf on the ground floor, boasts 50 feet of coveted Laurel Street frontage, an inviting open storefront, a convenient storage/back stock area, and an impressive +/-1,800 SF mezzanine space, offering endless possibilities for retail or restaurant ventures. With high foot traffic counts and the added convenience of four parking spaces at the rear, this property is perfectly poised for success. With the city's innovative pedestrian mall concept in the works, this property is a rare find in a highly desirable downtown location. Scheduled to be available 3/1/2026.
Nearby Major Retailers
Property Taxes
| Parcel Number | 050-154-220 | Improvements Assessment | $940,072 |
| Land Assessment | $3,249,639 | Total Assessment | $4,189,711 |
Property Taxes
Presented by
717 Laurel St
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