2 Park Rd Hillsborough, CA 94010
For Sale
This exceptional commercial property, located at 2 Park Road in the heart of Burlingame, California, presents a unique investment opportunity. The 11,000 square foot building sits on a sizable 0.65-acre lot, encompassing two parcels totaling 28,212 square feet. Its prime corner location offers unparalleled visibility and accessibility, just steps from the vibrant downtown area and El Camino Real. The property's existing structure provides immediate occupancy potential for a user seeking a prominent Burlingame location. However, the significant zoning allowances present a compelling opportunity for developers. The generous lot size and dense zoning regulations allow for substantial expansion or redevelopment, maximizing the property's potential. Further enhancing the investment prospects, adjacent property owners have expressed strong interest in selling their land, presenting a potential opportunity to acquire an acre or more of contiguous land. This creates a unique chance to assemble a significantly larger development site in a highly desirable Burlingame location. The asking price for this exceptional property is $11,500,000.
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Crosby-N. Gray & Co. Funeral Home and Cremation Service Funeral Home Mortuary
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Li Joan Social Service Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CL00C1 · Burlingame, CACosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.