151 87th ST, Daly City, CA 94015
- $2,840,000
Listed by Joshua Johnson, 650-391-1784 from Marcus & Millichap
(If provided) CoList: from
Sold listing courtesy of David Cutler from M&MKW
- Sold Price
- $2,840,000
- List Price
- $3,000,000
- Closing Date
- Dec 17, 2024
- MLS#
- ML81974213
- Status
- SOLD
- Lot Size
- 20,000
- Listing Area
- 'Original' Daly City
- Year Built
- 1900
Property Description
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.
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Additional Information
- Acres
- 0.46
- Age
- 124
- Cooling System
- Central AC
- Days On Market
- Unknown
- Floor Covering
- Laminate
- Foundation
- Concrete Slab
- Garage Parking
- Off-Street Parking
- Heating System
- Forced Air
- Lot Size
- 20,000
- Neighborhood
- 'Original' Daly City
- Other Utilities
- Master Meter
- Present Use
- Mixed, Office, Retail
- Roof
- Flat / Low Pitch
- Sewer
- Sewer - Public
- Zoning
- Retail and Office Commercial
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