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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 Cards, Inc. believes that when people care enough, they can change the world. That’s why they are dedicated to creating a more emotionally connected world and making a difference in the lives of others. Founded in 1910 by teenage entrepreneur J.C. Hall, and remaining a private company with family members on the board of directors today, Hallmark’s businesses employ thousands of people worldwide. Hallmark has a diverse portfolio of businesses: While there are many ways to experience Hallmark, the experiences that matter most to the company are the ones their customers are able to share with their friends and loved ones. They strive each day to help those experiences – and those connections – come to life. In each of their businesses they aim to be good community partners, they believe embracing diversity and inclusion is the best way to understand and serve their employees and consumers, and they strive to be environmentally responsible.
| 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
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717 Laurel St
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