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180 South Blvd
San Mateo, CA 94402
PENINSULA OWNER-USER / INVESTMENT PROPERTY · Retail Property For Sale
Investment Highlights
- Owner-User Opportunity — Single-tenant lease expires Jan 31, 2027 with no renewal option; a buyer can occupy the building at rollover.
- Flexible C2-1 Zoning — Regional/Community Commercial permits retail, service, office, community and residential-above uses.
- Attractive Basis — Priced at $1,100,000 — $600/SF on the building and $231/SF on the ±4,767 SF land.
- Mark-to-Market Upside — In-place gross rent of $4,399.54/mo (±$28.79/SF/yr) sits below market; renew or re-tenant at market on expiration.
- Prime Peninsula Location — Central San Mateo off S. El Camino Real, minutes from Caltrain, US-101 and SR-92.
- Two Parcels, Well-Sized Lot — ±4,767 SF site across two APNs (035-211-040 & 050) in a supply-constrained Peninsula market.
Executive Summary
Please Inquire for the Offering Memorandum
(650) 281-8877
diego.labutay@corcoranicon.com
180 South Boulevard presents a rare opportunity to acquire a single-tenant commercial building in the heart of the San Francisco Peninsula, offered at $1,100,000 ($600/SF on the building, $231/SF on the land). The ±1,834 SF building sits on a ±4,767 SF lot (two parcels) in central San Mateo, moments from the S. El Camino Real corridor, Caltrain, US-101, and SR-92. The driveway is included, allowing front, side, and rear access to the building.
The property is leased to a single tenant on a gross lease that expires January 31, 2027 with no renewal option — a near-term rollover that creates uncommon flexibility for two distinct buyer profiles. An owner-user can plan to occupy the building for their own business at lease expiration, a scarce chance to own rather than lease in one of the Bay Area's most supply-constrained submarkets.
Alternatively, an investor can capture clear mark-to-market upside: in-place rent of $4,399.54/month (±$28.79/SF/yr, gross) sits below current San Mateo levels, and the flexible C2-1 zoning broadens the pool of renewal and replacement tenants. Backed by high incomes, limited developable land, and durable tenant demand, 180 South Boulevard offers a well-located, small-footprint asset with a defined path to value.
(650) 281-8877
diego.labutay@corcoranicon.com
180 South Boulevard presents a rare opportunity to acquire a single-tenant commercial building in the heart of the San Francisco Peninsula, offered at $1,100,000 ($600/SF on the building, $231/SF on the land). The ±1,834 SF building sits on a ±4,767 SF lot (two parcels) in central San Mateo, moments from the S. El Camino Real corridor, Caltrain, US-101, and SR-92. The driveway is included, allowing front, side, and rear access to the building.
The property is leased to a single tenant on a gross lease that expires January 31, 2027 with no renewal option — a near-term rollover that creates uncommon flexibility for two distinct buyer profiles. An owner-user can plan to occupy the building for their own business at lease expiration, a scarce chance to own rather than lease in one of the Bay Area's most supply-constrained submarkets.
Alternatively, an investor can capture clear mark-to-market upside: in-place rent of $4,399.54/month (±$28.79/SF/yr, gross) sits below current San Mateo levels, and the flexible C2-1 zoning broadens the pool of renewal and replacement tenants. Backed by high incomes, limited developable land, and durable tenant demand, 180 South Boulevard offers a well-located, small-footprint asset with a defined path to value.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,835 SF
Building Class
C
Year Built
1948
Price
$1,525,623 CAD
Price Per SF
$831.40 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.47
Lot Size
0.09 AC
Zoning
C2
Frontage
122’ on South
Property Taxes
| Parcel Number | 035-211-050 | Improvements Assessment | $153,135 CAD |
| Land Assessment | $612,551 CAD | Total Assessment | $765,686 CAD |
Property Taxes
Parcel Number
035-211-050
Land Assessment
$612,551 CAD
Improvements Assessment
$153,135 CAD
Total Assessment
$765,686 CAD
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