1421 Palm Dr - Daycare Property or SFR Conversion 2,020 SF Specialty Building Offered at $2,540,217 CAD in Burlingame, CA 94010

AMAZING property, AMAZING location, AMAZING opportunity....
This beautiful property at the corner of Palm Dr and Fairfield Rd in Burlingame has not transacted for many many years.
The site is 2 blocks from McKinley Elementary School, 1/4 mile from Burlingame High, 1 block to El Camino Real and 1/3 mile to Caltrain's Broadway station too.
The building has 2020 square feet of conditioned space including 1451 on the entry level and 569 square feet on the second floor. In addition, there is substantial additional underutilized and unconditioned 6' high space on the ground level plus significant area under the building presently used for storage. Plus a WONDERFUL level and fenced rear yard under mature trees that is presently used for recreational play area for kids.
This R-1 zoned property (inside and out) has been used to operate a daycare business for many years and according to the City of Burlingame is classified as a "legal non-conforming" use. All buyers interested in pursuing continuation of this type of use should consult the City to verify and confirm. Alternatively, should someone wish to restore this gem of a building to its glory as a home and add an ADU in the backyard, that may be an option as well. Just walk around this neighborhood to see what a lovely environment it is and all of the untapped potential here !!!
Several building and system upgrades, improvements and replacements have occurred over the years of current ownership, but property is being offered for sale AS-IS, Where-Is with no recent inspections or reports. Buyer is to satisfy itself with property condition during Buyer's DD period. Buyers must prove funds to close with any offer submitted.
Property is presently tenant occupied so please DO NOT APPOACH OR CONTACT ANYONE ON SITE. Feel free to contact listing broker with any questions...
Thank you for your interest in this wonderful opportunity.