35 Visitacion Avenue, Brisbane, CA 94005; Retail For Sale; D-14 in San Mateo County
35 Visitacion Avenue, Brisbane, CA 94005; Retail For Sale; D-14 in San Mateo County
35 Visitacion Avenue, Brisbane, CA 94005
Prime Retail Building For Sale
Retail Property For Sale
- Price:
- $340,000
- Building Size:
- 540 SF
- Price/SF:
- $629.63
- Property Type:
- Retail
- Property Sub-type:
- Free Standing Bldg
- Property Use Type:
- Investment
- Cap Rate:
- 7%
- Tenancy:
- Multiple
- Year Built:
- 1908
- Lot Size:
- 0.07 AC
- APN / Parcel ID:
- 007-222-110
- Listing ID
- 16825731
Highlights
- Approximate Building Size: 540 sf
- Fully Leased! Pizza Restaurant and Sandwich Shop
- Roof repaired within 5 years, new building foundation
- Located just off of Bayshore Blvd. and Old County Rd.
- Minutes from San Francisco
- Zoning: Neighborhood Commercial, Retail/Office
Description
This building was originally constructed in 1908. The building is fully leased to two tenants: Mama Mia’s Pizza and a sandwich shop.
The current lease with the pizza restaurant expires 5/31/2017. There is also a seven year renewal option that would extend the lease to May 30, 2024.
The sandwich shop lease expires February 28, 2018 and has a two year renewal option that if exercised would run from March 2018 to February 2020.
Brisbane is a small town (population: 3,597 with 1,831 housing units) located just off of Bayshore Blvd. on the approach to San Francisco. Visitacion Avenue is a main retail street for the area with a number of restaurants along the street and a neighborhood market a short distance away.