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Vacant-User

1205 Howard Ave

1205 Howard Ave, Burlingame, CA 94010

Listing Price: $2,700,000

Cap Rate
4.53%
Gross SF
3,056
Rentable SF
3,056
Price/Gross SF
$883.51
Lot Size
0.11 acres
Year Built
1990

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire this 3,056 square foot building located in downtown Burlingame, CA on a .11 acre parcel. The property measures approximately 3,000 square feet over 2 floors and features two onsite parking spaces and is ideally located approximately 1 block from Burlingame Avenue and 2 blocks from the Caltrain Station. Located in the Howard Mixed Use Zoning District a wide variety of retail, office, and residential uses (on the 2nd floor) are permitted. Development standards include a 55-foot (4 story) height limit with building density limited by parking requirements. There are several new developments underway in the area including the revitalization of the Post Office site at 220 Park Road approximately ½ a block from the subject. Approvals are in place for a six-story project including 139,938 square feet of office space over 12,402 square feet of retail and 2 levels of underground parking. The site includes a town square open space component which will serve as the focal point and community gathering space for downtown Burlingame. Additionally, there are two new parking structures being constructed within ½ a block located on Lot F and Lot N. These feature 10-hour metered parking and/or monthly permits are available. Street parking in front of the property is 4 hour metered parking. Numerous shopping, dining and other conveniences are steps away from the property including the UPS Store, Safeway, Walgreens, Peets Coffee, The Apple Store, numerous bank branches, restaurants and more. The offering presents a rare opportunity for an investor or owner/occupant to establish a presence and benefit from the ongoing transformation of downtown Burlingame.

Investment Highlights

  • Approximately 3,056 Square Feet in downtown Burlingame, ideal for investor or user
  • Walking distance to Shopping, Dining, Restaurants on Burlingame Avenue
  • 2 Blocks to Cal Train, convenient all-day parking in new nearby parking structures
  • Located in Howard Mixed Use Zoning District, permits 4 story development
  • Office, Retail and Residential uses (on the 2nd floor) are permitted

Exclusively Listed By

Listing Price: $2,700,000

Cap Rate
4.53%
Gross SF
3,056
Rentable SF
3,056
Price/Gross SF
$883.51
Lot Size
0.11 acres
Year Built
1990

Investment Highlights

  • Approximately 3,056 Square Feet in downtown Burlingame, ideal for investor or user
  • Walking distance to Shopping, Dining, Restaurants on Burlingame Avenue
  • 2 Blocks to Cal Train, convenient all-day parking in new nearby parking structures
  • Located in Howard Mixed Use Zoning District, permits 4 story development
  • Office, Retail and Residential uses (on the 2nd floor) are permitted

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire this 3,056 square foot building located in downtown Burlingame, CA on a .11 acre parcel. The property measures approximately 3,000 square feet over 2 floors and features two onsite parking spaces and is ideally located approximately 1 block from Burlingame Avenue and 2 blocks from the Caltrain Station. Located in the Howard Mixed Use Zoning District a wide variety of retail, office, and residential uses (on the 2nd floor) are permitted. Development standards include a 55-foot (4 story) height limit with building density limited by parking requirements. There are several new developments underway in the area including the revitalization of the Post Office site at 220 Park Road approximately ½ a block from the subject. Approvals are in place for a six-story project including 139,938 square feet of office space over 12,402 square feet of retail and 2 levels of underground parking. The site includes a town square open space component which will serve as the focal point and community gathering space for downtown Burlingame. Additionally, there are two new parking structures being constructed within ½ a block located on Lot F and Lot N. These feature 10-hour metered parking and/or monthly permits are available. Street parking in front of the property is 4 hour metered parking. Numerous shopping, dining and other conveniences are steps away from the property including the UPS Store, Safeway, Walgreens, Peets Coffee, The Apple Store, numerous bank branches, restaurants and more. The offering presents a rare opportunity for an investor or owner/occupant to establish a presence and benefit from the ongoing transformation of downtown Burlingame.

Exclusively Listed By

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