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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

$ 3,000,000

Est. payment -/mo

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Pending

151 87th ST Daly City, CA 94015

10,000 SqFt

UPDATED:

10/25/2024 12:37 PM

Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

Square Footage 10,000 sqft

Price per Sqft $300

MLS Listing ID ML81974213

HOA Y/N No

Year Built 1900

Annual Tax Amount $40,261

Lot Size 0.459 Acres

Acres 0.4591

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 699 - Not Defined

Zoning Retail and Office Commerc

Interior

Heating Forced Air

Cooling Central Air

Fireplace No

Exterior

Roof Type Flat

Total Parking Spaces 34

Building

Story 2

Water Public

Others

Tax ID 006204130

Listed by Joshua Johnson • Marcus & Millichap

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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Rick Lee

Rick Lee

151 87th ST Daly City, CA 94015

Key Details

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Exterior

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151 87th ST