140 El Camino Real Millbrae, CA 94030
- Commercial real estate
- 5,400 SF
- 0.23 lot acres
Current Use by Public Records
- Greenland Artificial Grass / Landscape Designer
- El Ranchito Taco Truck / Mexican Restaurant
- Nothing Bundt Cakes / Bakery / Cake Shop
Property Details for 140 El Camino Real
- Year built
- 1968
- Lot size
- 0.23 lot acres
- Property size
- 5,400 SF
- Property type
- Commercial real estate
Description
This exceptional 0.23-acre development opportunity in Millbrae, California, presents a unique chance to capitalize on a prime location. Situated at 140 El Camino Real, this property boasts a 5,400 square foot building on a 10,160+ square foot lot. Its strategic location within the Millbrae station Area Specific Plan offers significant advantages for redevelopment. The existing structure provides a solid foundation for a mixed-use project, potentially incorporating retail, office, and residential components. Buyer due diligence is recommended to verify permitted uses with the city. The property's zoning allows for a building height of up to 120 feet, maximizing development potential. Its proximity to public transportation and convenient highway access further enhances its appeal to both developers and future tenants. The asking price is $6,000,000. This presents a compelling investment opportunity in a thriving Bay Area community. The property's underutilized state presents a significant upside for a forward-thinking developer. This is a rare chance to acquire a substantial asset in a highly desirable location. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Millbrae
- County
- San Mateo
- State
- California
- Longitude
- -122.388
- Latitude
- 37.5998
