Menlo Park, CA 94025,3401-3415 Middlefield Road

$3,000,000

Est. payment /mo

$3,250,000

7.7%
Est.Price: ?

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3401-3415 Middlefield Road Menlo Park, CA 94025

3,420 SqFt

SOLD DATE : 07/03/2024

Key Details

Sold Price $3,000,000

Property Type Commercial

Sub Type Comm Ind For Sale

Listing Status Sold

Purchase Type For Sale

Square Footage 3,420 sqft

Price per Sqft $877

MLS Listing ID ML81944310

Sold Date 07/03/24

HOA Y/N No

Year Built 1970

Lot Size 0.320 Acres

Acres 0.32

Property Description

A rare opportunity to own a great investment property in one of the most sought after areas on the San Francisco Peninsula! Situated on a large prominent corner parcel hosting two long term occupants, this meticulous property has so much to offer! Here are just some important attributes of this offering: Prime, Large Parcel at 8th Avenue & Middlefield Road is 13,919 SqFt (per Tax Record), Long-Term Tenants - National Brand Recognition (QuikStop, Pizza Hut) - Both Tenants on NNN Leases, Both Leases have 4+ Years Remaining, 4.16% CAP Rate; $156,067.68 NOI, Robust Zoning Opportunity!

Location

State CA

County San Mateo

Area Listing

Zoning C100

Interior

Fireplace No

Building

New Construction No

Others

Tax ID 060182390

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Bridge MLS
Listed by Gregory Terry • Compass
Bought with Recip
agent

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

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