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128-130 N B St 1,907 SF 100% Leased Retail Building San Mateo, CA 94401 $1,451,625 CAD ($761.21 CAD/SF) 4% Cap Rate
INVESTMENT HIGHLIGHTS
- Located on a high-traffic corridor in downtown San Mateo, surrounded by established shops, eateries, and professional services
- Near Caltrain and minutes to Highways 101, 92, and 280—making it easily accessible for both clientele and staff
- Ideal for owner-operators or investors—whether as workplace space, retail storefront, or leased property.
EXECUTIVE SUMMARY
The court date has been confirmed for Monday December 1, 2025, at 9:00 AM at 400 County Center, Redwood City, Department 3 Probate Division.
The first overbid price will be $1,139,750.
Any prospective overbidder must appear in court with a cashier’s check equal to 10% of the overbid price (or of the price they intend to offer). The cashier’s check must be made payable to First American Title.
Prime opportunity in the heart of downtown San Mateo! 128 North B Street offers prime visibility in a high-traffic corridor surrounded by shops, dining, and professional services. This flexible commercial building is ideal for an owner-user looking to establish their business or for an investor seeking a strong rental property in a sought-after location. Just steps to Caltrain and minutes from Highways 101, 92, and 280, the property combines convenience, accessibility, and long-term growth potential in one of the Peninsula’s most dynamic downtown districts. Probate sale, court confirmation required.CALL FOR OFFERS DATE: Sept 23rd, 12 PM
The first overbid price will be $1,139,750.
Any prospective overbidder must appear in court with a cashier’s check equal to 10% of the overbid price (or of the price they intend to offer). The cashier’s check must be made payable to First American Title.
Prime opportunity in the heart of downtown San Mateo! 128 North B Street offers prime visibility in a high-traffic corridor surrounded by shops, dining, and professional services. This flexible commercial building is ideal for an owner-user looking to establish their business or for an investor seeking a strong rental property in a sought-after location. Just steps to Caltrain and minutes from Highways 101, 92, and 280, the property combines convenience, accessibility, and long-term growth potential in one of the Peninsula’s most dynamic downtown districts. Probate sale, court confirmation required.CALL FOR OFFERS DATE: Sept 23rd, 12 PM
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
1,907 SF
Building Class
C
Year Built
1970
Price
$1,451,625 CAD
Price Per SF
$761.21 CAD
Cap Rate
4%
NOI
$58,065 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.06
Lot Size
0.04 AC
Zoning
CL00C2
Parking
4 Spaces (2.1 Spaces per 1,000 SF Leased)
Frontage
22’ on B
Walk Score®
Walker's Paradise (97)
Bike Score®
Very Bikeable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 032-323-210 | Improvements Assessment | $157,053 CAD |
| Land Assessment | $224,379 CAD | Total Assessment | $381,432 CAD |
PROPERTY TAXES
Parcel Number
032-323-210
Land Assessment
$224,379 CAD
Improvements Assessment
$157,053 CAD
Total Assessment
$381,432 CAD
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128-130 N B St
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