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1346 El Camino Real 0.16 Acres of Commercial Land Offered at $4,187,760 CAD in Burlingame, CA 94010
INVESTMENT HIGHLIGHTS
- Entitled site for 12 unit Apartment Building
- Great location with close proximity to Shopping and Transportation
- Flat lot with all utilities to the site
EXECUTIVE SUMMARY
Prime opportunity to build a brand new apartment building in Burlingame less than institutional size. This 12 unit building is a perfect opportunity to build, own and operate a property in a location that does not have any new buildings of this size. Plan includes 8 2 bedroom units and 4 3 bedroom units. Rents for new units average as much as 50% higher rent than the current supply of older (built in the 1950's and 1960's) buildings. Great location with Broadway Burlingame 4 blocks south, the Millbrae Bart Station is 6 blocks north and access to Highway 101 and 280 is very easy (within a 3 minute drive either way.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $4,187,760 CAD | Lot Size | 0.16 AC |
| Price Per AC | $26,082,212.97 CAD |
| Price | $4,187,760 CAD |
| Price Per AC | $26,082,212.97 CAD |
| Lot Size | 0.16 AC |
Flat lot in Highly desirable, Burlingame, location. Current structure to be raised for newly entitled 12 unit Apartment Building. Perfectly located between Downtown Burlingame and the Burlingame Plaza Shopping Center of Northern Burlingame.
DESCRIPTION
Flat lot on El Camino Real in Burlingame. Site currently has a 2 unit property built in 1927. Current owner has completed a plan and received entitlements to build 12 new apartment units consisting of Eight large 2 bedroom 2 bath units and Four large 3 bedroom 2 bath units.
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Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (79)
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1346 El Camino Real
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