Sold
785-787 Laurel ST
SAN CARLOS CA, 94070
$5,277,000
$950.81 per sqft
Sold
5,550 sqft
Commercial
Built in 1951
Listed by Kinghorn Commercial Properties, Randy Kinghorn, Listing Contact: 6509184388
Fifty feet of prime retail frontage along Laurel Street in the heart of downtown San Carlos. Currently single tenant leased until 8/31/2024 at well below market rent. The building was previously demised into two retail spaces and may be converted back in the future. San Carlos is undergoing tremendous development which will make the property a solid long term investment. Great opportunity as well for "patient capital", 1031 exchange upleg or long term estate planning. The building has two restrooms for customers and one restroom in the back for employees. There is also a room in the back of the building for retail back stock and one to serve as an administrative office with a kitchenette for employees.
ML81771513
MLSⓇ ID
December 13, 2019
Listed
March 9, 2024
Updated
Map
785-787 Laurel ST
SAN CARLOS CA, 94070
Interior Features
Total Stories
1
Interior Features
Carpet
Floor Description
Carpet
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.17 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Howard Park Etc.
Garage
No
Parking Total
3
View
No
County
San Mateo
Water Source
Public
Pool
No
Zoning
MU-DC
Buyer Agency Compensation
2%
Listed by Kinghorn Commercial Properties, Randy Kinghorn,
Listing Contact: 6509184388
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Data last updated 9:48 PM UTC, 3/9/2024