Under contract
Contingent
151 87th ST
DALY CITY CA, 94015
$3,000,000
$300.00 per sqft
Under contract
Contingent
10,000 sqft
Commercial
Built in 1900
Listed by Marcus & Millichap, Joshua Johnson, Listing Contact: 6503911784
Civic Center Plaza is a multi-tenant retail and office building located on 87th Street between Junipero Serra Boulevard and Sullivan Avenue. The building totals approximately 10,000 gross square feet and is situated on a 0.46-acre site. There are 34 parking spaces on site, for a ratio of 3.40 per 1,000 square feet. The ground floor retail space is currently leased to three tenants. Each unit has its own storefront facing the parking lot, which facilitates independent access for customers and provides flexibility for various types of businesses. There are multiple storefronts and the space can be demised to accommodate up to seven tenants. The second-floor office space houses several private offices, which are accessible through a dedicated stairway from the ground floor. These offices vary in size and configuration, tailored to accommodate different business needs such as small startups, consulting firms, or professional services. The second floor also features common men's and women's restrooms for the office tenants. All tenants are month-to-month and contract rents are well below market. This provides an investor the opportunity to increase rents to market and achieve an attractive return on the property.
ML81974213
MLSⓇ ID
July 24, 2024
Listed
August 23, 2024
Updated
Map
151 87th ST
DALY CITY CA, 94015
Interior Features
Total Stories
2
Interior Features
Laminate
Floor Description
Laminate
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.46 Acres
Sewer
Public Sewer
Other Property Details
Area Name
'Original' Daly City
Garage
No
Parking
Off Street
Parking Total
34
View
No
County
San Mateo
Water Source
Public
Pool
No
Zoning
Retail and Office Commercial
Listing History
Date | Event | Price |
---|---|---|
8/22/2024 | Under contract | — |
Listed by Marcus & Millichap, Joshua Johnson,
Listing Contact: 6503911784
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Data last updated 10:54 AM UTC, 8/23/2024