100 N Ellsworth Ave - Specialty FOR SALE


San Mateo, CA 94401- North Central
$5,750,000 USD
408-727-9600
100 N Ellsworth Ave, San Mateo, CA for Sale
$5,750,000 USD
Specialty - FOR SALE
1/7
null | Request Cap Rate

100 N Ellsworth Ave
San Mateo, CA 94401
North Central


OVERVIEW

Newmark, as the exclusive advisor, is pleased to present the opportunity to acquire 100 N. Ellsworth Drive, a threestory, ±17,300-square-foot historic building in San Mateo. The property is situated on a 0.36 acre parcel within walking distance of San Mateo’s Downtown retail core and close proximity to the Cal Train station (0.3 miles) It is in the R4 zoning district, allowing for a variety of potential uses, including private clubs, churches, and high-density multifamily developments. It benefits from a grandfathered parking agreement, which exempts buyers from the $50,000 per space in lieu fee. The City of San Mateo acknowledges the current use of the property as a Fraternal Organization, requiring one parking space per 70 square feet. As long as any future proposed use is less intensive, the fee will not be applicable. Call agents to arrange tour or discuss the opportunity. Note: • Basement used for storage, not included in rentable area • Basement sprinkler fitted in preparation for submitting plans for rentable document storage space

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$332 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

San Mateo Masonic Temple

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,594 SF

ZONING

RM00R4

APN/PARCEL ID

032-302-130

ASK ABOUT THIS PROPERTY

Jesse MillmanNewmarkMore Info
408-727-9600

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Jesse MillmanNewmarkMore Info
408-727-9600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.