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Listed by Sam Runco • Marcus & Millichap, DRE#01977683
$6,500,000
Est. payment /mo
7,932 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 7,932 sqft
Price per Sqft $819
MLS Listing ID ML82042730
Year Built 1929
Lot Size 0.275 Acres
Property Sub-Type Five or More Units
Property Description
105 Chadbourne Avenue and 75 Broadway present a compelling value-add and development opportunity in one of the Bay Areas most desirable and undersupplied submarkets. The portfolio includes an 8-unit apartment building located at 105 Chadbourne Avenue and an adjacent single-family home at 75 Broadway on the neighboring parcel (9 units total, 100% occupied). Perfect for developers looking to capitalize on Californias pro-housing legislation or investors seeking stable cash flow with substantial long-term appreciation potential. The subject consists of a rectangular-shaped corner property with two APNs at the corner of Broadway and Chadbourne Ave and one block in from El Camino Real. Gross site size is 12,000 sf for the two parcels. There is 100 feet of frontage on Broadway and 120 feet of frontage on Chadbourne Ave. Seize this rare chance to acquire two contiguous parcels totaling ±12,000 SF of prime land in the heart of Millbrae, one of the Peninsulas most sought-after and supply constrained markets.
Location
State CA
County San Mateo
Area Highlands Millbrae
Zoning RF-MU
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Attached Garage, On Street
Garage Spaces 6.0
Utilities Available Other
Roof Type Other
Building
Foundation Other
Sewer Other
Water Other
Others
Restrictions None
Tax ID 024-332-010
Security Features None
Special Listing Condition Not Applicable
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