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Mixed-Use Building with Roof Decks
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500 E 3rd Ave, San Mateo, CA 94401

Five-floor office space over 111 residential units with exterior roof decks and two levels of underground parking.

Property Size62,622 SF
Days on Market52

Property Features for 500 E 3rd Ave

General Information

Standard status Active
Size 62,622 SF
Net Rentable 198,572 SF
Property subtype OFFICE

Space & Availability

Available Space 198,572 SF
Space Use Office

Additional Details

Public Transit Yes

Amenities

Large Exterior Roof Decks
Office Amenity Areas on 4th & 5th Floors
EBC with Covered Exterior Roof Deck
Listing Agency: CBRE | San Francisco
Listed By: Robert McSweeney · License #00934240
Source: Moodyscre
Added: Jun 10 Changed: Jul 30 Last Checked: Jul 30 at 9:35PM

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 CBRE | San Francisco

Investment Insights

Based on property information with market context.

This mixed-use building offers approximately 198,572 RSF of office space across five floors, paired with 111 residential units with a separate entrance. Office amenity areas are located on the 4th and 5th floors, and the building includes large exterior roof decks with covered exterior roof deck space.

Work and access benefits include 13'18" clear heights and two levels of underground parking. The property is also 3 short blocks from Caltrain.

The mix of office and residential entries—along with the outdoor deck amenities and underground parking—supports day-to-day operational separation while keeping the building’s workplace and living components under one roof.

Key Highlights

  • About 198,572 RSF of office space on five floors
  • 111 residential units with a separate entrance
  • Large exterior roof decks and covered exterior roof deck (EBC)

Property Analytics

Current Use

Edi's Quesabirrias & Tacos Restaurant

Suggested Use

Top Pick Auto Parts Store Grocery & Convenience Store Barber Shop Storage Facility Florist (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,504
Businesses Nearby

Demographics for 94401, CA

35,249
Population
13,798
Households
2.6
Avg Household Size
37
Median Age
45%
College-Educated
85%
High-School Grad
3.1 sq mi
ZIP Area
11,371
Density / Sq Mi
$121,258
Median Household Income
$57,724
Median Earnings
$2,713
Median Rent
$1,123,300
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Five-floor office space over 111 residential units with exterior roof decks and two levels of underground parking.
Where is this mixed-use property located?
The property is located at 500 E 3rd Ave San Mateo, CA.
What are key features of this property?
This property features: About 198,572 RSF of office space on five floors; 111 residential units with a separate entrance; Large exterior roof decks and covered exterior roof deck (EBC)
(650) 759-0202 Call to check price and availability
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