840 El Camino Real Pending

Belmont,CA 94002

$ 5385000

- Bed

0 Bath

13358 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

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

Area Listing

Zoning R300

Interior

Heating Wall Furnace

Cooling None

Laundry Coin Operated

Building

Water Public

New Construction No

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