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Listed by Matt Aragoni • Coldwell Banker Realty
$3,400,000
Est. payment /mo
7,184 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Property
Listing Status Active
Purchase Type For Sale
Square Footage 7,184 sqft
Price per Sqft $473
MLS Listing ID ML82026937
Year Built 1964
Lot Size 8.000 Acres
Property Sub-Type Commercial Property
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 Linda Mar
Zoning C1
Interior
Heating Central Forced Air - Gas
Cooling None
Exterior
Parking Features Common Parking Area, Covered Parking, Guest / Visitor Parking, No Garage, Off-Street Parking, Unassigned Spaces
Utilities Available Master Meter , Public Utilities
Roof Type Bitumen
Present Use Medical/Dental,Office
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 022-242-050
Security Features None
Special Listing Condition Not Applicable
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