Property Details
About this Property
In the heart of vibrant Downtown San Mateo! This exceptional second-generation restaurant space located at 172 E 3rd Ave, presents a rare opportunity to step into a meticulously renovated and virtually turnkey establishment. Boasting a prime location with high visibility and accessibility, this space is poised to become a thriving culinary destination. Strategic Location: Situated on bustling E 3rd Ave, this restaurant benefits from substantial foot and car traffic, ensuring constant exposure to potential patrons. The proximity to ample public parking and the Caltrain station further enhances accessibility, drawing in diners favorable existing lease. Current tenants are currently in the 5th year of a 10-year lease, with 2 additional 5-year options providing long-term stability and the opportunity to grow your business. The current rent is in the low $6000s, an exceptional value for the location. Open Concept: The property features 1,645 square feet of ground-level space, complemented by an additional 870 square feet of storage. The current tenants have invested a generous amount of time and capital into transforming this space into a 95% turnkey operation. While they have not opened the space, the work has been completed to a high standards. 16 Foot Type 1 Hood, ADA Compliant.
MLS Listing Information
MLS #
SF425018108
MLS Source
San Francisco Association of Realtors® MLS
Days on Site
65
Business Information
Business Type
Fast Food
Parking Spaces
0
Interior Features
Flooring
Concrete, Tile
Cooling
Other
Heating
Other
Exterior Features
Roof
Other
Parking, School, and Other Information
Sewer
Public Sewer
Zoning
Retail
Contact Information
Listing Agent
Hector Rosas
NOVO
License #: 01846925
Phone: (650) 274-3213
Co-Listing Agent
Jackson Paul Salamunovich
NOVO
License #: 02200078
Phone: (970) 376-2320
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
172 E 3rd Ave 172 is a Business Opportunity in San Mateo, CA 94401. This 2,515 square foot property sits on a 3,570 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $775,000 and was built in –. This address can also be written as 172 E 3rd Ave #172, San Mateo, CA 94401.
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This listing information is up-to-date as of May 07, 2025. For the most current information, please contact Hector Rosas, (650) 274-3213
