763 Marsh Rd Menlo Park, CA 94025

Property Details for 763 Marsh Rd

Lot size

0.16 lot acres

Zone code

C10000

Property type

Retail space

APN

060-143-370

APU

60143370

Description

This exceptional retail property, located at 763 Marsh Road in Menlo Park, California (zip code 94025), presents a compelling investment opportunity for both end-users and developers. Boasting 1,354 square feet on a 6,771 square foot lot, this 2000-built structure enjoys a highly visible position on Marsh Road, a main thoroughfare connecting Highway 101 to Middlefield Road and Menlo Atherton. The property is zoned C1-S1, offering significant flexibility for various uses and development possibilities. The building includes 10 parking spaces and features a composite roof, attic fans, and 100AMP phase 1 power. Current financial data reveals an annual gross rent of $78,000, with annual property taxes of $6,200, annual insurance costs of $2,532, and annual utility expenses of $1,920. Annual dumpster service adds $8,400 to the operating costs. The current occupancy is month-to-month. This location provides excellent access to major roadways and a thriving community, making it an ideal site for a variety of retail businesses. The asking price for this remarkable property is $3,400,000. Don't miss this chance to acquire a prime retail asset in a highly desirable location.

Location Insight

City

Menlo Park

County

San Mateo

State

California

Longitude

-122.188

Latitude

37.4744

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments