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Office Vacant-User

1222 Arroyo Ave

1222 Arroyo Ave, San Carlos, CA 94070

Listing Price: $1,475,000

Gross SF
1,735
Rentable SF
1,735
Price/Gross SF
$850.14
Lot Size
0.05 acres
Year Built
1940

Investment Overview

Marcus & Millichap is pleased to present an outstanding neighborhood office/storefront retail opportunity in the heart of downtown San Carlos. Located at 1222 Arroyo Avenue, this highly desirable property is located just steps away from the main retail corridor of Laurel Street. With a median household income of $182,083, San Carlos is one of the most affluent cities in San Mateo County. Centrally located between San Francisco and Silicon Valley, the city is an ideal location for tech professionals, entrepreneurs, and ancillary businesses. The property is positioned along Arroyo Avenue, which has a daily traffic count of 3,607 vehicles. The single-story +/- 1,735 sq ft property can be split into two separate suites or used as a single suite property. With commercial, retail, or office all permissible uses, the property has a variety of options available to the new owner. Additionally, an owner-user can utilize the available SBA financing and save an estimated $53,479 in the first year of ownership versus leasing equivalent space in the market. The parcel is situated on a +/- 2,105 sq ft lot, of which 38 feet fronts Arroyo Avenue. Centrally located, there is a large city parking lot behind the property for convenience and easy access. The property is accessible from Arroyo Avenue as well as the shared curb cut with the neighboring property. Boasting a 96 walk score, the property is ideally situated for a client-facing business hoping to capitalize on street side visibility and easy access to local amenities. If SBA financing is utilized for additional leverage, an owner-user would be able to achieve an attractive net cost of occupancy. 1222 Arroyo Avenue in San Carlos (APN 050-163-300) is an ideal property for an owner-user or investor looking for a unique property in the heart of downtown San Carlos. Priced at $1,474,000 ($849/ sq ft) it is competitive with comparable sold properties and can be adapted to best suit the new owner’s needs.

Investment Highlights

  • Walking distance to downtown San Carlos
  • Retail, Office, Commercial all allowable uses
  • Can be divided into two suites.

Exclusively Listed By

Listing Price: $1,475,000

Gross SF
1,735
Rentable SF
1,735
Price/Gross SF
$850.14
Lot Size
0.05 acres
Year Built
1940

Investment Highlights

  • Walking distance to downtown San Carlos
  • Retail, Office, Commercial all allowable uses
  • Can be divided into two suites.

Investment Overview

Marcus & Millichap is pleased to present an outstanding neighborhood office/storefront retail opportunity in the heart of downtown San Carlos. Located at 1222 Arroyo Avenue, this highly desirable property is located just steps away from the main retail corridor of Laurel Street. With a median household income of $182,083, San Carlos is one of the most affluent cities in San Mateo County. Centrally located between San Francisco and Silicon Valley, the city is an ideal location for tech professionals, entrepreneurs, and ancillary businesses. The property is positioned along Arroyo Avenue, which has a daily traffic count of 3,607 vehicles. The single-story +/- 1,735 sq ft property can be split into two separate suites or used as a single suite property. With commercial, retail, or office all permissible uses, the property has a variety of options available to the new owner. Additionally, an owner-user can utilize the available SBA financing and save an estimated $53,479 in the first year of ownership versus leasing equivalent space in the market. The parcel is situated on a +/- 2,105 sq ft lot, of which 38 feet fronts Arroyo Avenue. Centrally located, there is a large city parking lot behind the property for convenience and easy access. The property is accessible from Arroyo Avenue as well as the shared curb cut with the neighboring property. Boasting a 96 walk score, the property is ideally situated for a client-facing business hoping to capitalize on street side visibility and easy access to local amenities. If SBA financing is utilized for additional leverage, an owner-user would be able to achieve an attractive net cost of occupancy. 1222 Arroyo Avenue in San Carlos (APN 050-163-300) is an ideal property for an owner-user or investor looking for a unique property in the heart of downtown San Carlos. Priced at $1,474,000 ($849/ sq ft) it is competitive with comparable sold properties and can be adapted to best suit the new owner’s needs.

Exclusively Listed By

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