Property Details
About this Property
172 E 3rd Ave in downtown San Mateo is a Second-Generation Vacant Restaurant Space: Substantial foot and vehicle traffic. Immediate proximity to ample public parking and a Caltrain station. 1,645 sqf of ground-level space and an additional 870 sqf. of mezzanine storage. The current tenants have invested a tremendous amount of time and capital into the build out. Transforming this space into a 95% turnkey operation. While they have not opened the space the work has been completed to a high standard, allowing a new owner to quickly occupy the space. Upgrades have been made to the electrical and plumbing systems. ALL New 16-foot type 1 Hood with fire suppression, Hermetically Sealed Walk in and Freezer combo, grease trap, sinks, prep area ADA bathroom complying with all necessary regulations. Additional comprehensive renovations featuring high-quality finishes. A state-of-the-art fully equipped open concept Commercial-Grade Kitchen. The space features new tile flooring, stylish wall decorations and carefully curated lighting exposed brick accents.This opportunity comes with a favorable existing lease. Current tenants are in the 5th year of a 10-year lease with 2 additional 5-year options. Current lease is in the low $6000s .Must see to appreciate. No Real Estate Is included
MLS Listing Information
MLS #
SF425018108
MLS Source
San Francisco Association of Realtors® MLS
Days on Site
132
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 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, San Mateo, CA 94401.
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This listing information is up-to-date as of July 10, 2025. For the most current information, please contact Hector Rosas, (650) 274-3213
