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Medical device/tech/R&D space w/ clean rooms 1399 Shoreway Rd 81,642 SF Flex Building Belmont, CA 94002 For Sale



INVESTMENT HIGHLIGHTS
- 5.38 acres of prime San Francisco Peninsula property
- generational opportunity for redevelopment
- +/- 550 linear feet of Highway 101 frontage
EXECUTIVE SUMMARY
POTENTIAL CHANGES TO RC ZONE
The City of Belmont is considering amending the existing RC zoning to have two tiers: the lower tier is proposed to have the existing RC zoning standards
referenced on the prior pages; and the higher tier proposes a 3.0 FAR and up to 255’ for a height limit (subject to San Carlos ALUC and FAA limits) with the
negotiation of acceptable community benefits. The City staff currently expects this process to be completed with City Council adoption by Q1/Q2 of 2027.
Buyers are directed to contact Laura Russell, Deputy Community Development Director at the City of Belmont for more details. Ms. Russell may be contacted
at: (650) 595-7437 or lrussell@belmont.gov
PLANNED DEVELOPMENT ZONING: City of Belmont allows this path for redevelopment of a property. This district is designed to accommodate various types of development, such as single-family residential developments, multiple housing developments, neighborhood and community shopping centers, mixed use developments, professional and administrative areas, commercial service centers, industrial parks, and other uses or a combination of uses which can be made appropriately a part of a Planned Unit Development. The district is established to allow flexibility of design, in accordance with the objectives and spirit of the General Plan. This District also provides for Administrative Amendments to Detailed Development Plan Approvals by the Director of Community Development for minor additions/projects provided the findings in Section 12.12 can be made in the affirmative.
PROPERTY FACTS
AMENITIES
- Bio-Tech/ Lab Space
- Signage
- Monument Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Wholesaler
- -
- -
- -
Nikon provides products and services based on the core technologies of Opto-Electronics Technologies and Precision Technologies and through their corporate philosophy of Trustworthiness and Creativity. They are a global company that supports the realization of an even more prosperous society by responding to the hopes and expectations of people and industries. While challenging the possibilities of opto-electronic and precision technologies, Nikon provides innovative products and solutions that meet the needs of our customers and society, while supporting the enrichment of people's lives around the world. From everyday life to the challenges of global society, Nikon provides a diverse range of products other than just cameras and binoculars. For example, they manufacture the equipment used to fabricate the semiconductors found in your PC and smartphone, and the precision systems utilized to detect defects in electronic components.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
Wholesaler | - | - | - |
PROPERTY TAXES
| Parcel Number | 040-371-180 | Improvements Assessment | $48,607,447 CAD |
| Land Assessment | $11,005,456 CAD | Total Assessment | $59,612,902 CAD |
PROPERTY TAXES
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Medical device/tech/R&D space w/ clean rooms | 1399 Shoreway Rd
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