$ 5,385,000
840 El Camino Real Belmont, CA 94002
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Listed by Tim Gilmartin • Gilmartin Group
$ 5,385,000
Est. payment | /mo
13,358 SqFt
$ 5,385,000
Est. payment | /mo
13,358 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 13,358 sqft
Price per Sqft $403
MLS Listing ID ML81911237
HOA Y/N No
Originating Board Datashare MLSListings
Year Built 1964
Lot Size 0.310 Acres
Property Description
Another Large Price Reduction. The Seller is Motivated. Well built, well cared for and fully remodeled 15 unit Mixed Use residential building in Belmont CA. This beautiful property boast 13 residential units and 2 retail units with 18 Parking spaces secured behind new electric security gates. The parcel spans the area from El Camino Real to Gordon St . allowing for ingress and egress from both sides of the property. The property is also located in The Belmont Village Specific Plan zoning area which allows for much greater density of development than currently exists. This creates the potential to build as many as 38 units on the site with 2.5 FAR and and a 65 foot height limit. Certain community benefits will need to be met to achieve this greatest density. Ask about Seller Financing
Location
State CA
County San Mateo
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Coin Operated
Building
Water Public
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Paul LeJoy
Broker-Owner | Lic# 01467744