227-231 S San Mateo DR San Mateo, CA
$ 3,800,000
Property Attributes
  • MLS#ML81821055
  • TypeCommercial
  • CountySAN MATEO
  • CitySan Mateo
  • AreaEastern Addition-Downtown Area
  • Zip94401
  • StyleRetail
  • Price$ 3,800,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5235
  • Lot Size4,726 SqFt
Listing Provided Courtesy Of:
Gregory Cohn with Coldwell Banker Realty.
Property Description

Rare investment opportunity located in the Central Business district of Downtown San Mateo between Second Ave. & Third Ave. The property consists of two freestanding commercial buildings of reinforced brick/concrete construction that share one roof. Both buildings offer 5,235 square feet of leasable space and 48 feet of frontage So. San Mateo Drive. 227 So. San Mateo Drive is currently occupied by Grape & Grain, a ±1,390 SF wine bar, and 231 So. San Mateo Drive is owner-occupied by Steiners Jewelry ±3,845 SF on two levels; 2,845 SF ground floor and 1,020 SF finished mezzanine. The buildings were extensively updated in 2004 including structural, seismic, electrical, lighting, HVAC, 3 bathrooms, and extensive interior finishes, and exterior finishes. The property is zoned CBD - C2 Central Business District and allows for a broad array of uses including restaurant, financial, health, office. Buyer to independently research zoning & use.

Price History
11/21/2020 Listed $3,800,000


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 94401

AVG $3.34M
Year Built
AVG 1938

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