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$ 3,400,000
Est. payment | /mo
8 Acres Lot
$ 3,400,000
Est. payment | /mo
8 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82026937
HOA Y/N No
Year Built 1964
Annual Tax Amount $45,324
Lot Size 8.000 Acres
Property Description
Multi-Tenant medical and professional office building, in the heart of Pacifica's Linda Mar district. This investment opportunity, offers 7,184 sqft of gross leasable area on a 16,310 sqft lot, featuring 14 suites with 9 established tenants and 3 vacant units offering immediate upside potential. Tenancy is comprised of medical professionals, dentists, podiatrists, wellness providers, and other professionals, creating a stable and synergistic tenant mix. The property's flexible suite layout and zoning allow for continued multi-tenant operation or conversion to an owner-user headquarters with additional income from surrounding suites. With rents below market and vacancy upside, this asset presents a compelling value-add or owner-user investment along one of the most sought-after stretches of the Northern California coast. Located just off Hwy 1, the property benefits from excellent visibility and accessibility within walking distance to Linda Mar Beach, Safeway Shopping Center, and a vibrant mix of local anchor businesses including McDonald's, Starbucks, Chase Bank, and Ross. This highly desirable corridor along the San Mateo County Coast offers limited supply and consistent demand from professional and medical tenants seeking proximity to both San Francisco and the Mid-Peninsula.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning C1
Interior
Cooling None
Fireplace No
Exterior
Roof Type Bitumen
Total Parking Spaces 26
Building
Water Public
Others
Tax ID 022242050
Listed by Matt Aragoni Coldwell Banker Realty
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Valerie Castle
Managing Broker, JD | Lic# DRE# 01065018/02178736