Sold Retail Property in Santa Mateo County – 1538 El Camino Real,

Belmont, CA 94002 1/10 

1538 El Camino Real, Belmont, CA 94002

Sale Information

Sale Status: Sold
Sale Date: 12/20/2012
Sale Price: $2,545,000 ($320.93/SF)
Cap Rate: 6.54% (At Time Of Listing)
Listing Price: $2,695,000
Estimated days on LoopNet Marketplace: 226

Property Details

Property Type: Retail
Property Sub-type: Strip Center
Building Size: 7,930 SF
Lot Size: 0.46 Acres
APN / Parcel ID: 045-253-290

Property Description

Camino Plaza benefits from its highly desirable mid peninsula location. This property fronts El Camino Real which allows tenants visibility by the 28,600 cars on average that drive past the property each day. To create even more visibility Camino Plaza is one of the few buildings grandfathered in by the City of Belmont to provide its tenants with illuminated building signage. In the City of Belmont C3 Zoning is an ideal designation for a property owner. This zoning allows for a variety of retail and office uses.