Bought with Nation Home Realty
$5,200,000
$5,385,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
13,358 SqFt
SOLD DATE : 12/02/2024
Key Details
Sold Price $5,200,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 13,358 sqft
Price per Sqft $389
MLS Listing ID ML81911237
Sold Date 12/02/24
HOA Y/N No
Originating Board Datashare MLSListings
Year Built 1964
Lot Size 0.310 Acres
Property Sub-Type Other
Property Description
Another Large Price Reduction. The Seller is Motivated. Well built, well cared for and fully remodeled 15 unit Mixed Use residential building in Belmont CA. This beautiful property boast 13 residential units and 2 retail units with 18 Parking spaces secured behind new electric security gates. The parcel spans the area from El Camino Real to Gordon St . allowing for ingress and egress from both sides of the property. The property is also located in The Belmont Village Specific Plan zoning area which allows for much greater density of development than currently exists. This creates the potential to build as many as 38 units on the site with 2.5 FAR and and a 65 foot height limit. Certain community benefits will need to be met to achieve this greatest density. Ask about Seller Financing
Location
State CA
County San Mateo
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Coin Operated
Building
Water Public
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