2 Park RdBurlingame, CA 94010

Property Details for 2 Park Rd

Lot size

0.48 AC

Zone code

CL00C1

Property type

Specialty properties

APN

029-225-170

APU

29225170

Description

This exceptional commercial property, located at 2 Park Road in the heart of Burlingame, California, presents a unique investment opportunity. The 11,000 square foot building sits on a sizable 0.65-acre lot, encompassing two parcels totaling 28,212 square feet. Its prime corner location offers unparalleled visibility and accessibility, just steps from the vibrant downtown area and El Camino Real. The property's existing structure provides immediate occupancy potential for a user seeking a prominent Burlingame location. However, the significant zoning allowances present a compelling opportunity for developers. The generous lot size and dense zoning regulations allow for substantial expansion or redevelopment, maximizing the property's potential. Further enhancing the investment prospects, adjacent property owners have expressed strong interest in selling their land, presenting a potential opportunity to acquire an acre or more of contiguous land. This creates a unique chance to assemble a significantly larger development site in a highly desirable Burlingame location. The asking price for this exceptional property is $11,500,000.

• Alternative Use

  Use

  Valuation

  Residential

  $16,759,050

  Hospitality

  $15,351,200

  Educational

  $12,772,018

  Medical

  $13,211,267

  Retail

  $19,867,584

Location Insight

City

Burlingame

County

San Mateo

State

California

Latitude

37.5751

Longitude

-122.343

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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