1156 San Carlos AveSan Carlos, CA 94070

Property Details for 1156 San Carlos Ave

Year built

1945

Lot size

0.05 AC

Property size (Sq ft)

2,000 SF

Property type

Retail space

APN

050-074-140

APU

50074140

Description

This exceptional 1,925-square-foot retail space is ideally situated in the vibrant heart of San Carlos' downtown area. Built in 1945, this single-story, single-tenant building offers a blank canvas for a variety of retail concepts. The open layout provides flexibility for customization, making it suitable for a wide range of businesses, from coffee shops and bookstores to clothing stores and boutiques. The property features large storefront windows, ensuring maximum visibility and attracting significant foot traffic. The zoning designation is MU-DC-100. The building's total square footage is 1,925 square feet, with the entire space currently vacant. The property is identified by Assessor's Parcel Number (APN) 050-074-140. This presents a unique opportunity to establish a thriving retail presence in a high-demand location. The tenant improvement allowance is negotiable. This property is a single building on a single story. Serious inquiries are encouraged to explore this exciting opportunity further. The property's location within the bustling San Carlos downtown guarantees high visibility and accessibility for potential customers. This is a rare chance to secure a prime retail location in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $2,077,831

  6.5%

  $1,917,998

  7%

  $1,780,998

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,526,921

  Geo Method

  $1,405,706

• Alternative Use

  Use

  Valuation

  Residential

  $1,617,903

  Hospitality

  $1,481,991

  Educational

  $1,232,999

  Medical

  $1,275,404

  Retail

  $1,917,998

Location Insight

City

San Carlos

County

San Mateo

State

California

Latitude

37.507

Longitude

-122.261

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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