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Sold

785-787 Laurel ST

SAN CARLOS CA, 94070

$5,277,000


$950.81 per sqft

Sold

5,550 sqft

Commercial

Built in 1951

Listed by Kinghorn Commercial Properties, Randy Kinghorn, Listing Contact: 6509184388

Fifty feet of prime retail frontage along Laurel Street in the heart of downtown San Carlos. Currently single tenant leased until 8/31/2024 at well below market rent. The building was previously demised into two retail spaces and may be converted back in the future. San Carlos is undergoing tremendous development which will make the property a solid long term investment. Great opportunity as well for "patient capital", 1031 exchange upleg or long term estate planning. The building has two restrooms for customers and one restroom in the back for employees. There is also a room in the back of the building for retail back stock and one to serve as an administrative office with a kitchenette for employees.

ML81771513

MLS ID

March 9, 2024

Updated

Map

785-787 Laurel ST
SAN CARLOS CA, 94070

Interior Features

Total Stories

1


Interior Features

Carpet


Floor Description

Carpet


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.17 Acres


Sewer

Public Sewer

Other Property Details

Area Name

Howard Park Etc.


Garage

No


Parking Total

3


View

No


County

San Mateo


Water Source

Public


Pool

No


Zoning

MU-DC

Listed by Kinghorn Commercial Properties, Randy Kinghorn,
Listing Contact: 6509184388 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Frances Boscacci shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 9:48 PM UTC, 3/9/2024

 

 

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