297 San Bruno AveSan Bruno, CA 94066
- Retail properties
- 2,003 SF
Property Details for 297 San Bruno Ave
- Year built
- 1941
- Lot size
- 0.13 AC
- Property size (Sq ft)
- 2,003 SF
- Zone code
- C2000P
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 020-188-150
- APU
- 20188150
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,080,948
- 6.5%
- $1,920,875
- 7%
- $1,783,670
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,530,711
- Geo Method
- $1,407,815
-
Alternative Use
- Use
- Valuation
- Residential
- $1,620,330
- Hospitality
- $1,484,214
- Educational
- $1,234,848
- Medical
- $1,277,317
- Retail
- $1,920,875
Location Insight
- City
- San Bruno
- County
- San Mateo
- State
- California
- Latitude
- 37.6311
- Longitude
- -122.411
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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