Dentist, Medical Office, Retail, Develop? 987 Laurel St 1,185 SF Retail Building San Carlos, CA 94070 $2,460,690 CAD ($2,076.53 CAD/SF) 5.09% Cap Rate

Lease income through 12/31/26, available for occupancy 05/01/2026.
Dentist, Medical Office, Retail, Develop?
For Lease or Sale, both subject to review of prospect's financial statements.
MU-N-50: Neighborhood Mix: retail, commercial, and office uses, as well as residential development of up to fifty (50) units per net acre.
Permissible uses: Multi unit residential, family childcare small and large, Residential care - limited, community assembly(minor use permit), cultural (MUP), day care, instructional, schools (CUP), social service (CUP), pet grooming(*5), bank and financial services (mup), business services (9*), restaurant (cup), convenience store (cup), food prep, business and professional office, medical office (9*), personal service. Please speak with a city planner and an architect to confirm whether your use is permissible.
Please do not disturb existing tenant. 48-hour advance notice to tenant required, conducted through listing broker, to tour any portion of the property.
Post Sale NOI= $91,670.06. Approx. 5.1% cap rate at $1,800,000.
$Call For Base Rent/sf NNN plus $1.83/sf CAMs x 1,185 sf.
The building is equipped with lines for compressed air and oxygen with quick-connect drop down oxygen ports at 3 treatment spaces, compressed air connections at 2 if the treatment spaces. air compressor will stay in place. anesthetic gas scavenging system in place.
Call Alexander Kent for more information. 650-793-0541.