San Carlos, Mixed Use- FOR SALE
±9,947 SF Mixed-Use Asset in the Heart of San Carlos, Improved Price
Marketing description
Rare opportunity to acquire a premier mixed-use investment property in the heart of downtown San Carlos. Situated on highly visible El Camino Real, this ±9,947 SF asset features two ground-floor retail suites and seven second-floor office suites, providing a diversified income stream in one of the Peninsula's most desirable submarkets. The property is anchored by Mountain Mike's Pizza, a nationally recognized brand with a long-term lease, and also includes Leslie's Pool Supplies along with a collection of professional office tenants. Recent capital improvements—including a freshly redone and restriped rear parking lot and a recently resealed roof—help minimize near-term capital expenditures. With excellent frontage, dedicated on-site parking, stable in-place income, and upside through future rent growth, 770 El Camino Real represents an exceptional opportunity for investors or 1031 exchange buyers seeking a well-maintained asset in a premier Peninsula location.
Investment highlights
Prime Downtown San Carlos location near US-101, Caltrain, restaurants, and shopping.
±9,947 SF mixed-use building with two ground-floor retail suites and seven second-floor office suites.
Stable in-place income anchored by long-term tenant Mountain Mike's Pizza, plus additional upside through office rents.
Recent price improvement to $3,995,000.
Freshly redone and restriped rear parking lot with 14 on-site parking spaces.
Recently resealed roof, minimizing near-term capital expenditures.
Excellent tenant mix with retail frontage on El Camino Real and professional office suites above.
Attractive pricing at approximately $402/SF, well below the average asking price per square foot of comparable Peninsula listings.
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