1761 Laurel Street, San Carlos, CA 94070

Property Description

Office Building with Multi-Family Residential+ Zoning. For Lease, Sale or JV. Permitted: Office Business Professional, Medical Dental Office, General Personal Service, Multi-Unit Residential, Family Child Care, Day Care, Adult Day Care, Trade School, Community Assembly, Church, Instructional, Private School w CUP, Grooming or Pet Store, Veterinary w CUP, Restaurant, Bar w CUP, Hotel, Convenience or Grocery, Retail. MU-SB-100: Mixed-Use South Boulevard: Could go 60 ft or 5 stories with existing zoning codes, new state laws could potentially go higher depending on transit assessment. Building is 49 ft wide and 57 ft deep. There is an existing tenant, who has a right of first refusal on a sale, but has stated that they don't intend to exercise it, and an option to extend the lease 2 years past their 3/31/26 expiration, which they've stated they intend to exercise. For buyers, investors that want a leased investment, or a mixed use or residential development opportunity, with in place lease income, this is a positive scenario. As-Is sale. New roof. Current office layout interior has many private offices, conference rooms that could be used as into bedrooms. Buyer to inspect as desired.