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83 21st Ave 6,911 SF Retail Building San Mateo, CA 94403 $4,421,007 CAD ($639.71 CAD/SF)
Investment Highlights
- On-site parking accommodates 5 to 7 vehicles for secure and convenient access.
- Flexible second-floor layout with kitchen, restrooms, shower, and sauna supporting potential live-work functionality.
- Ground-floor shop and storage area suitable for a wide range of operational or creative uses.
- Built-in income from an existing ground-floor lease with Comcast through December 14, 2029, providing immediate cash flow.
Executive Summary
83 21st Avenue in San Mateo presents a rare opportunity to acquire a versatile mixed-use asset in one of the Peninsula’s most supply-constrained submarkets. Offering a blend of income stability and future flexibility, the building caters to both owner-users and investors seeking a strategic foothold in a prime infill location. The property encompasses a well-configured industrial footprint with ground-floor shop and storage areas, complemented by a second-floor office or optional living-ready environment complete with kitchen facilities, restrooms, a shower, and a sauna. This adaptable configuration allows a future owner to seamlessly integrate workspace, operations, and potential live-work functionality under one roof.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
6,911 SF
Building Class
C
Year Built
1950
Price
$4,421,007 CAD
Price Per SF
$639.71 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.99
Lot Size
0.16 AC
Zoning
C4, San Mateo
Parking
20 Spaces (3.51 Spaces per 1,000 SF Leased)
Frontage
50’ on E. 21st
Walk Score®
Walker's Paradise (93)
Nearby Major Retailers
Property Taxes
| Parcel Number | 039-072-040 | Improvements Assessment | $422,689 CAD |
| Land Assessment | $399,841 CAD | Total Assessment | $822,530 CAD |
Property Taxes
Parcel Number
039-072-040
Land Assessment
$399,841 CAD
Improvements Assessment
$422,689 CAD
Total Assessment
$822,530 CAD
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