For Sale
$1,150,000

297 San Bruno AveSan Bruno, CA 94066

Prime San Bruno retail space, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional San Bruno storefront property at 297 San Bruno Avenue East presents a compelling investment opportunity. The 5,500 square foot building, constructed in 1920, sits on a 0.13-acre lot and features a single-story structure. Currently operating at 100% occupancy with a single tenant, the property offers 2,000 square feet of net rentable space. The current lease is a net lease, expiring June 30, 2024, with a five-year lease option available. The property boasts a strong 2.50% capitalization rate and is priced at $1,150,000. Located in San Mateo County, California, zip code 94066, this retail space benefits from its position within a thriving and affluent area. The tenant is responsible for all utilities. This presents a unique chance to acquire a well-established retail location with immediate income potential and significant upside. The property's size and location make it ideal for a variety of retail uses. The current tenant operates a mini-mart, demonstrating the viability of the space. This is a rare opportunity to own a piece of San Bruno's vibrant commercial landscape.

Highlights

  • Exceptional San Bruno investment opportunity: 5,500 SF building on 0.13-acre lot.
  • Single-story, 1920 construction, currently 100% occupied with a net lease tenant.
  • 2,000 SF net rentable space; lease expires June 30, 2024, with a five-year option.
  • Strong 2.50% capitalization rate; $1,150,000 asking price.
  • Located in San Bruno, CA (94066), in a thriving retail area; tenant pays all utilities.

Property Details for 297 San Bruno Ave

Property type
Retail properties, Retail space
Square Feet
5,500 SF
Year Built
1920
Buildings
1
Stories
1
Lot Size (sq. ft)
5,663 SF
Units
1

Location Insight

City
San Bruno
County
San Mateo
State
California
Latitude
37.630900290998
Longitude
-122.41050825976
297 San Bruno Ave, San Bruno, California

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297 San Bruno Ave
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