$ 3,000,000
151 87th ST Daly City, CA 94015
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$ 3,000,000
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10,000 SqFt
$ 3,000,000
Est. payment | /mo
10,000 SqFt
Key Details
Property Type Commercial
Sub Type Commercial Property
Listing Status Pending
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $300
MLS Listing ID ML81974213
Year Built 1900
Lot Size 0.459 Acres
Property Description
Civic Center Plaza is a multi-tenant retail and office building located on 87th Street between Junipero Serra Boulevard and Sullivan Avenue. The building totals approximately 10,000 gross square feet and is situated on a 0.46-acre site. There are 34 parking spaces on site, for a ratio of 3.40 per 1,000 square feet. The ground floor retail space is currently leased to three tenants. Each unit has its own storefront facing the parking lot, which facilitates independent access for customers and provides flexibility for various types of businesses. There are multiple storefronts and the space can be demised to accommodate up to seven tenants. The second-floor office space houses several private offices, which are accessible through a dedicated stairway from the ground floor. These offices vary in size and configuration, tailored to accommodate different business needs such as small startups, consulting firms, or professional services. The second floor also features common men's and women's restrooms for the office tenants. All tenants are month-to-month and contract rents are well below market. This provides an investor the opportunity to increase rents to market and achieve an attractive return on the property.
Location
State CA
County San Mateo
Area 'Original' Daly City
Zoning Retail and Office Commercial
Interior
Heating Forced Air
Cooling Central AC
Flooring Laminate
Exterior
Garage Off-Street Parking
Utilities Available Master Meter
Roof Type Flat / Low Pitch
Present Use Mixed,Office,Retail
Building
Story 2
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Level or Stories 2
Others
Restrictions None
Tax ID 006-204-130
Security Features None
Special Listing Condition Court Confirmation May Be Required
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Listed by Joshua Johnson • Marcus & Millichap
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Pete Ruiz
Agent | License ID: 01974535