297 San Bruno E Ave San Bruno, CA 94066-3229
- Retail space
- 2,003 SF
- 0.13 lot acres
Current Use by Public Records
- Mini Mart / Convenience Store / Atm
- ATM (Mini Mart) / Atm
- RockItCoin Bitcoin ATM / Atm
Property Details for 297 San Bruno E Ave
- Year built
- 1941
- Lot size
- 0.13 lot acres
- Property size
- 2,003 SF
- Zone code
- C2000P
- Property type
- Retail space
- APN
- 020-188-150
- APU
- 20188150
Description
This exceptional San Bruno storefront property at 297 San Bruno Avenue East presents a compelling investment opportunity. The 5,500 square foot building, constructed in 1920, sits on a 0.13-acre lot and features a single-story structure. Currently operating at 100% occupancy with a single tenant, the property offers 2,000 square feet of net rentable space. The current lease is a net lease, expiring June 30, 2024, with a five-year lease option available. The property boasts a strong 2.50% capitalization rate and is priced at $1,150,000. Located in San Mateo County, California, zip code 94066, this retail space benefits from its position within a thriving and affluent area. The tenant is responsible for all utilities. This presents a unique chance to acquire a well-established retail location with immediate income potential and significant upside. The property's size and location make it ideal for a variety of retail uses. The current tenant operates a mini-mart, demonstrating the viability of the space. This is a rare opportunity to own a piece of San Bruno's vibrant commercial landscape.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,005,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $880,000
- 6.5%
- $880,000
- 7%
- $995,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $900,000
- Geo Method
- $1,065,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,045,000
- Retail
- $850,000
- Mixed-Use
- $970,000
- Hospitality
- $1,050,000
- Educational
- $865,000
- Residential Income
- $1,030,000
- Energy
- $890,000
- Income-Based Land
- $1,135,000
- Food Service
- $895,000
Location Insight
- Map
- Local Demand
- City
- San Bruno
- County
- San Mateo
- State
- California
- Longitude
- -122.411
- Latitude
- 37.6311
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
