667669 Crespi Drive, Pacifica, CA, CA 94044

$3,400,000

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List Price
$3,400,000
Status
ACTIVE
MLS#
ML82026937
County
San Mateo
Zoning
C1
Year Built
1964
Square Feet
8,533
Lot Size (acres)
0.42
Days on Market
265
Property Type
Commercial
Virtual Tour 1
https://s3.amazonaws.com/video.creativeedge.tv/885311-4.mp4

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.

Additional Information

Taxes
$45,324
Parcel Number
022242050
Gross Scheduled Income
$194,281
Cooling
Yes
Cooling Description
None
Roof
Bitumen
Parking Spaces
26
Water
Public

Listing courtesy of Listing Agent: Matt Aragoni (matt.aragoni@cbrealty.com) from Listing Office: Coldwell Banker Realty.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.