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Pinnacle Realty Advisors

support@pinnaclera.com +1(972) 338-5441

Listed by Alexander Kent • Compass

$ 2,000,000

Est. payment -/mo

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987 Laurel ST San Carlos, CA 94070

1,250 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,250 sqft

Price per Sqft $1,600

MLS Listing ID ML82027747

Style Contemporary

Year Built 1946

Lot Size 3,000 Sqft

Property Sub-Type Duplex

Property Description

This is a medical office building that is leased to a major Vet chain through 12/31/2026. They are not renewing because they are consolidating to another much larger location. This building offers a broad array of permissible uses including residential. The Regional Housing Needs Assessment puts this land at 2 residential units. However, if redeveloped with an architect and the city with both city and new state pro-housing laws, a buyer could potentially get several stories and many units, TBD. Zoning: MU-N-50: Neighborhood Mix: retail, commercial, and office uses, as well as residential development of up to fifty (50) units per net acre. Permissible uses: Multi unit residential, family childcare small and large, Residential care - limited, community assembly(minor use permit), cultural (MUP), day care, instructional, schools (CUP), social service (CUP), pet grooming(*5), bank and financial services (mup), business services (9*), restaurant (cup), convenience store (cup), food prep, business and professional office, medical office (9*), personal service. Please speak with a city planner and an architect to confirm whether your use is permissible.

Location

State CA

County San Mateo

Area Howard Park Etc.

Zoning MU-N-50: retail, office, resid. dev.

Interior

Heating Central Forced Air - Gas

Cooling Central AC

Flooring Laminate

Exterior

Exterior Feature Storage Shed / Structure

Parking Features Uncovered Parking

Utilities Available Natural Gas, Public Utilities

View None

Roof Type Tar and Gravel

Building

Lot Description Other

Story 1

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Level or Stories 1

Others

Tax ID 051-358-020

Security Features Security Alarm ,Window Bars

Horse Property No

Special Listing Condition Not Applicable