66 21St Ave San Mateo, CA 94403
- Warehouses
- 11,000 SF
- 0.32 lot acres
Current Use by Public Records
- Two Spoons Creamery / Ice Cream Shop
- The Counter Burger / American Restaurant
- HOM Korean Kitchen / Korean Restaurant
- Big Daddy's Hawaiian BBQ (San Mateo) / Hawaiian Restaurant
- yumkimbap / Korean Restaurant
Property Details for 66 21St Ave
- Year built
- 1954
- Lot size
- 0.32 lot acres
- Property size
- 11,000 SF
- Zone code
- C40001
- Property type
- Warehouses
- APN
- 039-073-440
- APU
- 39073440
Description
This exceptional 200-square-foot commercial kitchen space, located at 66 21st Ave in San Mateo, California (zip code 94403), presents a fantastic opportunity for food entrepreneurs. Classified as a Class B property within San Mateo County, this retail/restaurant space is currently entirely vacant and ready for immediate occupancy. The kitchen is ideally suited for multiple tenants, offering a turnkey solution for various food businesses. Its compact size makes it perfect for startups, personal chefs, catering companies, food trucks, single-location operators, or national chains seeking expansion. The location in San Mateo provides access to a thriving delivery market, allowing businesses to capitalize on the increasing demand for takeout and delivery services. This property offers a cost-effective way to establish or expand a food-related business with minimal upfront investment and operational overhead. The address is conveniently situated within San Mateo County, offering easy access to major transportation routes and a strong customer base. This is a rare opportunity to secure a fully equipped commercial kitchen in a prime location, allowing for immediate commencement of operations. The space is perfect for those seeking to minimize risk and maximize return on investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,750,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,515,000
- 6.5%
- $3,540,000
- 7%
- $3,890,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,260,000
- Geo Method
- $3,335,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,110,000
- Retail
- $3,520,000
- Mixed-Use
- $3,645,000
- Hospitality
- $3,305,000
- Educational
- $3,970,000
- Residential Income
- $3,190,000
- Energy
- $3,590,000
- Income-Based Land
- $2,990,000
- Food Service
- $3,250,000
Location Insight
- Map
- Local Demand
- City
- San Mateo
- County
- San Mateo
- State
- California
- Longitude
- -122.308
- Latitude
- 37.5478
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
