6701 Mission Street is a prime value-add investment opportunity, and also has the potential for owner-occupancy. All tenants are on month-to-month leases and pay rents below the market rate, presenting an enticing opportunity for investors to adjust rental rates to market. Additionally, the building could be purchased by an owner/user to occupy the entire ground floor space. The property is a mixed-use building located on Mission Street and Alp Avenue. The building is approximately 3,884 square feet and is situated on a 2,250 square foot site. The zoning designation for the site is Light Commercial, which allows for a wide range of office and retail uses. Currently, the ground floor of the property is occupied by a single retail tenant, and the upper floor is divided into eight private offices.
MLS# | ML81989312 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1904 |
Days On Site | 18 |
Listing Provided By | Marcus & Millichap (650) 391-1700 | Joshua Johnson |
SQ Feet | 3,884 |
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Story(s) | 2 |
Zoning | Light Commercial |
Acreage | 0.05 |
State | CA |
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County | San Mateo |
City | Daly City |
Zip Code | 94014 |
Area | 699 Not Defined |
Listing VS Median (in 94014) | |
Price: $1,450,000 low | high Med: $1,080,000 SqFt: 3,884 low | high Med: 1,980 $ / SqFt: $373 low | high Med: $545 On Site: 18 low | high Med: 4.000000 |