979 Unit 103 Millbrae, CA 94030
- Mixed-use properties
- 1.11 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 979 Unit 103
- Year built
- 1968
- Lot size
- 1.11 lot acres
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property, located at 979 Unit 103, Millbrae, CA, presents a unique investment opportunity. Situated on a 1.11-acre lot in Millbrae's vibrant downtown retail district, this 1688 square foot space is currently configured as a bank, offering unparalleled visibility and signage potential. The property benefits from a substantial sub-level garage, providing ample parking for customers and employees. Its prime location off El Camino Real ensures easy access to Highway 101, maximizing exposure to a diverse and high-traffic demographic. The surrounding area boasts a concentration of busy grocery stores and other retail establishments, creating a synergistic environment for increased foot traffic and business opportunities. The property's high visibility and convenient access points make it an ideal location for a variety of retail businesses. The net lease is approximately $1,980 per month, with availability commencing September 1, 2024. This is a rare chance to acquire a well-established commercial space in a thriving location with significant growth potential. The property's size, location, and existing infrastructure make it an attractive proposition for discerning investors seeking a strong return on investment.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Millbrae
- County
- San Mateo
- State
- California
- Longitude
- -122.396
- Latitude
- 37.5941
