For Sale
$4,980,000

2820 El Camino RealSan Mateo, CA 94403

0.5-Acre Development Site, High Visibility

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 0.5-acre commercial land parcel, located at 2820 S El Camino Real in San Mateo, CA (APN 039-353-170), presents a unique development opportunity. Zoned C3-1/R4, it allows for diverse uses, including commercial and mixed-use projects. Boasting a prime location at the corner of 28th Avenue and S El Camino Real, the property benefits from exceptional visibility and high traffic counts exceeding 43,100 vehicles daily. Its proximity to the Hillsdale Caltrain station ensures high pedestrian traffic. The site is situated within a thriving retail and mixed-use corridor, surrounded by ongoing and recently completed development projects. This presents an ideal investment for developers seeking to capitalize on the affluent demographics of the area, with over 264,000 people within a 5-mile radius and an average household income exceeding $234,000 annually. The property is offered fee simple at an asking price of $4,980,000. This is a rare chance to acquire a highly desirable development site in a rapidly growing market.

Highlights

  • 0.5-acre vacant land, C3-1/R4 zoning allows commercial and mixed-use development.
  • Prime location in a thriving retail/mixed-use corridor with significant new development.
  • High pedestrian traffic due to proximity to the Hillsdale Caltrain station.
  • Strong demographics: Over 264,000 residents within 5 miles, average household income exceeding $234,000.

Property Details for 2820 El Camino Real

Property type
Land
Lot Size (sq. ft)
21,780 SF

Location Insight

City
San Mateo
County
San Mateo
State
California
Latitude
37.541415785222
Longitude
-122.30262887572
2820 El Camino Real, San Mateo, California

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2820 El Camino Real
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