151 87th Street , Daly City, CA 94015
Daly City, CA 94015
Description
Civic Center Plaza is a multi-tenant retail and office building located on 87th Street between Junipero Serra Boulevard and Sullivan Avenue. The building totals approximately 10,000 gross square feet and is situated on a 0.46-acre site. There are 34 parking spaces on site, for a ratio of 3.40 per 1,000 square feet. The ground floor retail space is currently leased to three tenants. Each unit has its own storefront facing the parking lot, which facilitates independent access for customers and provides flexibility for various types of businesses. There are multiple storefronts and the space can be demised to accommodate up to seven tenants. The second-floor office space houses several private offices, which are accessible through a dedicated stairway from the ground floor. These offices vary in size and configuration, tailored to accommodate different business needs such as small startups, consulting firms, or professional services. The second floor also features common men's and women's restrooms for the office tenants. All tenants are month-to-month and contract rents are well below market. This provides an investor the opportunity to increase rents to market and achieve an attractive return on the property.
Details
| Mls | ML81974213 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Pending |
| Year | 1900 |
| Days On Site | 140 |
| Listing Provided By | Marcus & Millichap (650) 391-1700 | Joshua Johnson |
Features
| Sq Feet | 10,000 |
|---|---|
| Storys | 2 |
| Zoning | Retail and Office Commerc |
| Acreage | 0.46 |
Market Activity 94015
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| State | CA |
|---|---|
| County | San Mateo |
| City | Daly City |
| Zip Code | 94015 |
| Area | 699 Not Defined |
| Listing VS Median (in 94015) | |
Price: $3,000,000 low | high Med: $698,000 SqFt: 10,000 low | high Med: 107 $ / SqFt: $300 low | high Med: $6,523 On Site: 140 low | high Med: 2773.000000 | |