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 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.
MLS# | ML81992151 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1951 |
Days On Site | 79 |
Listing Provided By | Kinghorn Commercial Properties 650-918-4388 | Randy Kinghorn |
SQ Feet | 5,550 |
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Story(s) | 1 |
Zoning | MU-DC |
Acreage | 0.17 |
State | CA |
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County | San Mateo |
City | San Carlos |
Zip Code | 94070 |
Listing VS Median (In 94070) | |
Price: $5,300,000 low | high Med: $1,858,000 SqFt: 5,550 low | high Med: 2,010 $ / SqFt: $955 low | high Med: $926 On site: 79 low | high Med: 18.500000 |