$1,400,000
$1,299,888
7.7%For more information regarding the value of a property, please contact us for a free consultation.
3,524 Sqft Lot
SOLD DATE : 04/19/2024
Key Details
Sold Price $1,400,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81956916
Sold Date 04/19/24
HOA Y/N No
Year Built 1949
Annual Tax Amount $3,423
Lot Size 3,524 Sqft
Property Description
Wow! A Commercial Store Front Building in the middle of the wildly popular 700 Block of Laurel Street. You have arrived! The 700 Block is closed to traffic, with great pedestrian oriented foot traffic to restaurants, shops, boutiques, etc. The 700 block of Laurel Str. is under new design by the City of San Carlos to be the new hot spot for San Carlos. Besides nearby city parking, alley parking, side street parking...property has 4 parking spaces right behind the building. The 25' foot wide lot extends about 70' behind the building; hence ample room for at least 4 parking spaces accessed through the rear doors of each unit. 785-787 Laurel Str SOLD in 12/30/2019 @ $5,277,000. And, it appears from the property inspection, that the middle wall between 745 and 747 could be removed to make 1 big unit, offering endless potential. Current tenants are on month to month rental agreements. 745 is currently rented to the Cobbler Shop. 747 is currently rented as a Barber Shop, Rents are well below market, each unit has high ceilings, bathrooms with a toilet and sink. Rear doors to the rear parking. Easy to see. Do not miss this rare opportunity to own a store front property on the MOST POPULAR block - the 700 location of Laurel Street -in the heart of down town- exciting times ahead
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning MU-DC
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Utilities Available Natural Gas Available
Roof Type Other,Tar/Gravel
Present Use Commercial
Total Parking Spaces 4
Building
Story 1
Water Public
Others
Tax ID 050154190
Security Features Window Bars
Financing Cash
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Bought with Peter Vece • Golden Gate Sotheby's International Realty
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