1. California
  2. San Mateo
  3. 220 N San Mateo Drive
$4,380,000

220 N San Mateo Drive, San Mateo, CA 94401

  • 4,310 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1938
  • Property Lot Size Icon0.43acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $1,016/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

220 N San Mateo Dr offers a prime multifamily investment opportunity, featuring favorable zoning that supports potential redevelopment or the addition of ADUs. Situated on a large 18,700 square foot parcel of land, the subject property was originally constructed in 1938 and features a gross building area of approximately 4,310 square feet, offering tenants spacious one-bedroom floor plans. Approximately half of the subject property is currently undeveloped vacant land offering a value-add opportunity with the development of ADUs or a complete redevelopment to various uses. Strategically positioned near the lively Downtown San Mateo, 220 N San Mateo Dr provides tenants with a myriad of high-end shopping, dining, and entertainment options. Tenants also benefit from proximity to some of the area's most prominent employers including Franklin Templeton Investments, Sony, Snowflake, Rakuten, and Roblox. Additionally, the subject property offers easy access to the major transportation corridors of U.S. Highway 101, San Mateo-Hayward Bridge, Interstate 280, and El Camino Real. 220 N San Mateo Dr presents an attractive choice for investors due to its favorable zoning, value-add opportunity, and proximity to Downtown San Mateo.

Listing Status:
Active
Date Added:
March 13, 2025 at 05:00AM
Listing Office:
Marcus & Millichap : (650) 391-1700
Listing Agent:
Cole Simpson : 650-391-1735
MLS ID:
ML81997776
  • A/C: None
  • Heating: Wall Furnace

This listing courtesy of Cole Simpson, Marcus & Millichap

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

College Park Elementary School

715A Indian Ave, San Mateo, CA, 94401

Grades KG-5

0.42 miles away

N

North Shoreview Montessori

1301 Cypress Ave, San Mateo, CA, 94401

Grades KG-8

0.83 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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