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$ 3,950,000
Est. payment | /mo
8,000 SqFt
$ 3,950,000
Est. payment | /mo
8,000 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $493
MLS Listing ID ML82021556
HOA Y/N No
Year Built 1962
Lot Size 5,750 Sqft
Acres 0.13
Property Sub-Type Comm Ind For Sale
Property Description
Pleased to present the opportunity to acquire 1131-1137 California Drive, a two-story mixed-use building located in the heart of Burlingame, California. This approximately 8,034 square foot property, built in 1962 on a 5,750 square foot lot, features a blend of commercial and residential spaces, offering stable in-place income with upside potential. The ground floor is fully leased to two established retail tenants: a nail salon (Burlingame Nail Care) and an auto body shop, providing reliable cash flow. The second floor consists of two recently renovated 2-bedroom, 1-bathroom residential units, both currently vacant and ready for immediate occupancy or leasing at market rates. The property is zoned CMU (California Drive Mixed Use). The zoning is designed to foster vibrant, pedestrian friendly development along California Drive. The zoning encourages a blend of commercial, retail, office, and residential uses to create a dynamic urban environment. The zoning supports diverse businesses, housing options, and community spaces while adhering to development standards that ensure capability with the surrounding area. The seller recently did a feasibility study which shows redevelopment plans for a three story, 10-room hotel.
Location
State CA
County San Mateo
Zoning CMU
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 026191070
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Listed by Sam Runco • Marcus & Millichap
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Debbi DiMaggio Betta
REALTOR | Partner | Lic# 01047447