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Property profile

1158-1160 Chestnut St Menlo Park, CA 94025

OFF-MARKET
Retail properties & Spaces
9,854 SF 0.14 ac lot Built 1965
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Property summary

AI-generated overview

This exceptional commercial property, located at 1158-1160 Chestnut Street in the heart of Downtown Menlo Park, California, offers a unique opportunity for businesses seeking flexible office or retail space. The 9,854 square foot building, constructed in 1965, is a Class B property situated on a 0.14-acre lot. The building features two stories and is currently divided into four suites, with a significant amount of vacant space totaling 6,789 square feet. Available spaces range from approximately 2,611 to 4,178 contiguous square feet, making it ideal for a variety of businesses. One suite, approximately 2,611 square feet, is currently built out as a salon and includes in-suite restrooms. Another larger space, approximately 4,178 square feet, boasts a great window line with floor-to-ceiling windows, providing ample natural light. This space also features an exposed ceiling, a private ground floor entrance, three meeting rooms or private offices, and an in-suite kitchenette/break room. Both spaces offer prominent signage opportunities. The property is conveniently located in the desirable Downtown submarket of San Mateo County, with easy access to local amenities and transportation. The building does not have elevators. Available May 1, 2023.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1965
Total area 9,854 SF
Lot 0.14 ac (6,098 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1158-1160 Chestnut St Menlo Park, CA 94025
Menlo Park metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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