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Listed by Matt Aragoni • Coldwell Banker Realty
$ 3,400,000
Est. payment | /mo
8,533 SqFt
$ 3,400,000
Est. payment | /mo
8,533 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 8,533 sqft
Price per Sqft $398
MLS Listing ID ML82026937
HOA Y/N No
Year Built 1964
Lot Size 0.420 Acres
Property Sub-Type Comm Ind For Sale
Source Datashare MLSListings
Property Description
Multi-Tenant medical and professional office building, in the heart of Pacifica's Linda Mar district. This investment opportunity, offers 7,184 sqft of gross leasable area on a18,295 sqft lot, featuring 14 suites with 9 established tenants and 3 vacant units offering immediate upside potential. Tenancy is comprised of medical professionals, dentists, podiatrists, wellness providers, and other professionals, creating a stable and synergistic tenant mix. The property's flexible suite layout and zoning allow for continued multi-tenant operation or conversion to an owner-user headquarters with additional income from surrounding suites. With rents below market and vacancy upside, this asset presents a compelling value-add or owner-user investment along one of the most sought-after stretches of the Northern California coast. Located just off Hwy 1, the property benefits from excellent visibility and accessibility within walking distance to Linda Mar Beach, Safeway Shopping Center, and a vibrant mix of local anchor businesses including McDonald's, Starbucks, Chase Bank, and Ross. This highly desirable corridor along the San Mateo County Coast offers limited supply and consistent demand from professional and medical tenants seeking proximity to both San Francisco and the Mid-Peninsula.
Location
State CA
County San Mateo
Interior
Fireplace No
Building
Water Public
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Adam Shoop
Broker Associate at LPT Realty | Lic# 1782227