Listed by Kinghorn Commercial Properties
$4,500,000
717 Laurel Street
Details
APN 050-154-220
Property Type Retail
Sub Type Commercial
Square Footage 5,550
Units 2
Tenancy Single
Lease Expiration 02/27/2026
Year Built 1951
Lot Size (SqFt) 7,250
Zoning MU-DC
Parking Spaces 4 spaces
Parking Per SqFt 0.72
Investment Type Owner/User
Retail | 5,550 SqFt
Marketing description
717 Laurel Street is currently a single tenant building comprised of approximately 5,550 sf of ground floor retail space with +/-1,800 sf of additional mezzanine space. Value can be added by re-tenanting the space and possibly demising it down for multiple retail units. The building will also be available for an owner/user to occupy when the current tenant's lease expires in March 2026. San Carlos is undergoing tremendous development which will make the property a solid long term investment. The City has permanently closed this section of the street to vehicular traffic and has a vision to transform the 700 block of Laurel Street into a public plaza, thereby paving the way for a more vibrant and pedestrian-friendly downtown.
San Carlos is located between two major economic hubs San Francisco and San Jose as well as within a ten minute drive from approximate 24 million sf of office space occupied by high paying companies in the fields of technology, finance, law, life/bio sciences and health care. Here is a partial list of some of the major employers in the surrounding area: Oracle, Visa, Electronic Arts, Sutter/Palo Alto Medical Foundation, Novartis, PG&E Zuora, Evernote, Check Point, MarkLogic, Nikon, Zuora, Acxiom,
Natera, Shutterfly, Nintendo, Bristol Myers Squibb, Box, Fisher Investments, Snowflake Computing, Indeed, Rakutan, Guideware, WorkDay, Chan Zuckerberg Initiative, SurveyMonkey, Apptus, Gilead ScIences, Robolox, Franklin Templeton, Tano Capital, Coupa, Qualys, IBM, Marketo, Gunderson Dettmar, Fish & RIchardson, Seiler LLP, and Goodwin & Procter. The city of San Carlos describes itself as, "ideally situated between San Francisco and San Jose, San Carlos is easily accessed by highways, railways and airways. The ultimate in geography and livability, it strikes a rare balance between small-town charm and big-city access. Here, a quaint village feeling goes hand in hand with the latest global advances. It's the best of both worlds, in an extremely convenient and pleasant location."
Investment highlights
- Rare Downtown San Carlos Investment/Owner User
- Significant Upside in Rent When Lease Expires 2/28/2026
- May be able to Convert Building into Two Units
- Four Parking Spaces in the Back of the Property
- Prime Downtown Location with High Foot Traffic
- City Has Permanently Closed the Street to Vehicles for Pedestrian Mall
- Long Term Redevelopment Potential with Additional Floor(s)
- San Carlos Undergoing Significant Development
- Close Proximity to Major Employment Base in Redwood Shores
- Conveniently Located in Between San Francisco and San Jose
Listing Contacts
Listed by Kinghorn Commercial Properties
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Address
Is there information that looks off?
