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Listed by Compass
$ 1,400,000
Est. payment /mo
Active
987 Laurel Street San Carlos, CA 94070
3,000 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $466
MLS Listing ID ML82044092
HOA Y/N No
Lot Size 3,000 Sqft
Property Sub-Type Unimproved Land
Source Datashare MLSListings
Property Description
This is a medical office building that is leased to a major Vet chain through 12/31/2026. They are not renewing because they are consolidating to another much larger location. This building offers a broad array of permissible uses including residential. The Regional Housing Needs Assessment puts this land at 2 residential units. However, if redeveloped with an architect and the city with both city and new state pro-housing laws, a buyer could potentially get several stories and many units, TBD. Zoning: MU-N-50: Neighborhood Mix: retail, commercial, and office uses, as well as residential development of up to fifty (50) units per net acre. Permissible uses: Multi unit residential, family childcare small and large, Residential care - limited, community assembly(minor use permit), cultural (MUP), day care, instructional, schools (CUP), social service (CUP), pet grooming(*5), bank and financial services (mup), business services (9*), restaurant (cup), convenience store (cup), food prep, business and professional office, medical office (9*), personal service. Please speak with a city planner and an architect to confirm whether your use is permissible.
Location
State CA
County San Mateo
Interior
Fireplace No
Building
Water Public
Schools
School District Sequoia Union High, San Carlos Elementary