241 El Camino Real - Storefront Retail/Office FOR SALE


Menlo Park, CA 94025
$8,500,000 USD
650-380-9898
241 El Camino Real, Menlo Park, CA for Sale
$8,500,000 USD
Storefront Retail/Office - FOR SALE
1/92
null | 1.38% Cap Rate

241 El Camino Real
Menlo Park, CA 94025


HIGHLIGHTS

  • Substantial signage and frontage on El Camino Real
  • Close proximity to Stanford Shopping Center, Sandhill Rd, public transportation and downtown Palo Alto
  • Long Term anchor tenant and low occupancy rate
  • Spacious rental units with upside potential in residential income
  • High Vehicle Per Day Count

OVERVIEW

Prime location with over 300’ of El Camino frontage! Heavy day and night pedestrian and car traffic. Mixed-use building with diversified set of long-term tenants. Vintage character with all modern amenities. Very well maintained and upgraded over the years. Class A, ADA compliant, 5,065 sqft office space downstairs. Remodeled in 2019 and 2022 with industrial design, 11’ ceilings, open office layout, polished concrete floors, contemporary kitchen and bathroom, glass conference rooms and private 600 sqft outdoor patio. Commercial anchor tenant lease ends in 2027. 3 spacious residential units upstairs in great condition, updated with A/C, newer vinyl floors, paint and countertops. No current vacancies. Ample parking. Downtown Menlo Park location on main thoroughfare to Stanford Shopping Center, Stanford University, and Palo Alto. Easy access to Sand Hill Road and leading tech campuses. Don’t miss this exceptional investment opportunity!

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$874 USD /SF

CAP RATE

1.38%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1918

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

19,863 SF

ZONING

SP-ECR-D

APN/PARCEL ID

071-413-360

ASK ABOUT THIS PROPERTY

Annie WatsonColdwell Banker Residential BrokerageMore Info
650-380-9898

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Annie WatsonColdwell Banker Residential BrokerageMore Info
650-380-9898

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