740 El Camino Real & 695 Middle Road, Belmont, CA 94002 FOR SALE ; Garden/Low-Rise ; Multi-Family 1; San Mateo County
Multifamily Property For Sale
Building Size: 3,685 SF
Property Type: Multifamily
Property Sub-type: Garden/Low-Rise
Additional Sub-types: Retail (Other)
Property Use Type: Vacant/Owner-User
Commission Split: 3%
No. Stories: 2
Year Built: 1949
Lot Size: 0.15 AC
APN / Parcel ID: 044-222-150-3
Listing ID: 18978891
Last Updated : 11 days ago
- Unique Mixed-Use Property (Retail and Single Family Home)
- Dual Street Frontages Ideally Suited for Product
- Rare Mid-Peninsula Location – West of El Camino
- Excellent Freeway Access (Highway 92,101 and 280)
- Short Walk to Belmont Caltrain Station & Upscale
- Ideal Owner-User Potential
Subject is a freestanding two level mixed-use property. Total GLA is 3,685 SF with retail of 1,800 SF and residential of 1,885 SF.
The retail storefront commands outstanding presence and signage visibility from El Camino Real. One secured parking space is provided and street parking is permitted immediately in front of the building. The current printing business has successfully operated in this location for over 13 years (and before that 12 years in Downtown San Mateo) and is available to be purchased and may be left in place with a new lease or relocated. The retail component is easily divisible into two spaces of 900 square feet each with separate front doors, show windows and plumbing connections.
The residence offers four-bedrooms and two-baths, updated interior with vaulted ceiling in the front living room area and modern appliances. The front of the house has a small patio with seating leading to an expansive driveway with ample room for at least four vehicles. The front yard is enhanced with a pond and raised planters with lighting and lush trees along the perimeter. A redwood and masonry fence accentuates the perimeter of the property.
Subject property is located in desirable Belmont – a rare mid-Peninsula location, west of El Camino Real. The retail space is highly visible from busy El Camino Real and the residence faces tranquil Middle Road. There is excellent freeway access (Highway 92, 101 and 280). The location could not be more convenient as Safeway, Starbucks and a plethora of retailers are a five minute walk at El Camino Real and Ralston Avenue and the Belmont Caltrain station is a three minute walk.
The property also stands to benefit from major development activity occurring nearby. Construction is expected to start in the Spring on 576-600 El Camino Real, a three-story mixed-use residential over commercial development, a block and a half to the north. It will consist of 11,700 square feet of retail space at street level and 32 condominiums on the upper levels.