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San Mateo Mixed-Use Opportunity

709 S B St, San Mateo, CA 94401

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For Sale

$2,200,000

Two-story building near Downtown San Mateo with flexible options.

Type:Commercial

Property size:

5,005 SF

Lot size:

0.10 Acres

Price / SF:

$439/SF

HighLights

Prime location steps from Downtown San Mateo.
Flexible mixed‑use zoning (C1‑3/R5) allows for retail, office, and other uses.
Vacant and ready for immediate repositioning by owner‑users, investors, or tenants.
Ground floor includes existing bar build‑out and fenced outdoor patio area.
Second floor features high ceilings, open layout, and excellent natural light.
High walk score (96) indicating a 'Walker's Paradise'.

We can help!

Listing Contact

Andrew Guglielmi

Learn more

For Sale

$2,200,000

Two-story building near Downtown San Mateo with flexible options.

Type:Commercial

Property size:

5,005 SF

Lot size:

0.10 Acres

Price / SF:

$439/SF

Added:: Apr 24, 2026
Days on Market:: 50
Last Refresh:: Apr 24 at 6:08 pm

Property Features for 709 S B St

General Information

Standard status: Active
Size: 5,005 SF
Lot size: 0.10 Acres
Property subtype: Commercial

Building Details

Year Built: 1920

We can help!

Listing Contact

Andrew Guglielmi

Listing agent Andrew Guglielmi

Listing office SC Properties

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of SC Properties

HighLights

Prime location steps from Downtown San Mateo.
Flexible mixed‑use zoning (C1‑3/R5) allows for retail, office, and other uses.
Vacant and ready for immediate repositioning by owner‑users, investors, or tenants.
Ground floor includes existing bar build‑out and fenced outdoor patio area.
Second floor features high ceilings, open layout, and excellent natural light.
High walk score (96) indicating a 'Walker's Paradise'.

Overview

Located steps from Downtown San Mateo, 709 S B Street is a two-story standalone building totaling approximately 5,005 square feet on a 4,400 square foot lot. The property is currently vacant and available for sale. The ground floor, approximately 2,385 square feet, was formerly a bar/restaurant and includes an existing bar build-out and a fenced outdoor backyard/patio area, suitable for restaurant, bar, hospitality, or retail uses. The second floor, approximately 2,620 square feet, features high ceilings, an open layout, and natural light, making it suitable for creative office, studio, fitness, education, or collaborative workspace. Zoned C1-3/R5, the property offers potential for a variety of retail, office, and mixed-use possibilities in a desirable San Mateo location with street presence and access to Downtown amenities. The location has a bike score of 76, walk score of 96, and transit score of 51.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$191.6k	$38.28
− Vacancy	−$9.0k	−$1.80
EGI	$182.6k	$36.48
− OpEx	−$45.6k	−$9.12
NOI	$136.9k	$27.36

5,005 SF · lease $38.28/SF/yr · vacancy 4.70% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.96M

$1.71M – $2.28M (±1% cap)

NOI $136,940 @ 7.0% cap · market cap 6.22%

Second Best

Retail

$1.83M

$1.60M – $2.13M (±1% cap)

NOI $127,811 @ 7.0% cap · market cap 5.81%

Theoretical Best

Office A

$1.98M

$1.73M – $2.31M (±1% cap)

NOI $138,570 @ 7.0% cap · market cap 6.30%

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

Location Intelligence

Current Use by Public Records

Yuppie Cantina Bar & Pub

Suggested Use

Location Insight

Map
Local Demand

City: San Mateo
County: San Mateo
State: California
Longitude: -122.319387
Latitude: 37.562827

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What type of property is this?

Mixed-use property - Two-story building near Downtown San Mateo with flexible options.

Where is this mixed-use property located?

The property is located at 709 S B St San Mateo, CA.

What is the asking price?

The asking price for this property is $2,200,000.

What are key features of this property?

This property features: Prime location steps from Downtown San Mateo.; Flexible mixed‑use zoning (C1‑3/R5) allows for retail, office, and other uses.; Vacant and ready for immediate repositioning by owner‑users, investors, or tenants.