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    2 Park Rd Burlingame, CA 94010

    Sponsored
    For Sale
    $11,500,000

    Iconic building, prime downtown location. High development potential.

    Property size:
    11,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    342
    This exceptional commercial property, located at 2 Park Road in the heart of Burlingame, California, presents a unique investment opportunity. The 11,000 square foot building sits on a sizable 0.65-acre lot, encompassing two parcels totaling 28,212 square feet. Its prime corner location offers unparalleled visibility and accessibility, just steps from the vibrant downtown area and El Camino Real. The property's existing structure provides immediate occupancy potential for a user seeking a prominent Burlingame location. However, the significant zoning allowances present a compelling opportunity for developers. The generous lot size and dense zoning regulations allow for substantial expansion or redevelopment, maximizing the property's potential. Further enhancing the investment prospects, adjacent property owners have expressed strong interest in selling their land, presenting a potential opportunity to acquire an acre or more of contiguous land. This creates a unique chance to assemble a significantly larger development site in a highly desirable Burlingame location. The asking price for this exceptional property is $11,500,000.

    Property Features for 2 Park Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    11,000 SF
    Lot Size
    28,314 SF

    Building Details

    Year Built
    1959
    Property Profile Location Intelligence

    Current Use by Public Records

    Crosby-N. Gray & Co. ... Cremation Service Li Joan Funeral Home

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burlingame
    County
    San Mateo
    State
    California
    Longitude
    -122.3428
    Latitude
    37.5751

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    FAQs

    What type of property is this?
    Commercial real estate - Iconic building, prime downtown location. High development potential.
    Where is this commercial real estate located?
    The property is located at 2 Park Rd Burlingame, CA.
    What is the asking price?
    The asking price for this property is $11,500,000.
    (650) 375-1111
    Request Owner's contact information
    2 Park Rd Burlingame, CA 94010
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    Burlingame, CA 94010
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2 Park Rd Burlingame, CA 94010
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