INVESTMENT OPPORTUNITY

Marcus & Millichap is pleased to present a single-tenant 2,100 square foot single-story office building located at 1175 Greenwood Avenue in San Carlos, California. The subject property is on a 5,177 square foot lot that has four on-site parking spaces, with a parking ratio of 1.9 spaces per 1,000 square feet. The subject property will be delivered vacant making this an excellent opportunity for investment or for an owner/user.

EXCELLENT ACCESS TO AMENITIES

The subject site is located just off El Camino Real, a commercial thoroughfare and has a reported average daily traffic count of 28,300 vehicles per day in the area. The site is located near two shopping centers and is dense with grocery and drug stores, hardware and automotive part stores, restaurants, and personal services. Major retailers in the area include REI, Best Buy, Office Depot, TJ Maxx & Homegoods, The Home Depot, Walgreens, Trader Joe’s, Pep Boy’s, and Oreilly Auto Parts.

CITY OF SAN CARLOS

San Carlos is a city in San Mateo County, California on the San Francisco Peninsula, about halfway between San Francisco and San Jose. Known as the ‘City of Good Living’ San Carlos is a city with a strong sense of community and incorporates all that comes with living in the Bay Area while also maintaining a small town feel. The city prides itself on have a diverse and welcoming community for both new members and visitors.

EXCELLENT DEMOGRAPHIC PROFILE

The site is located in the city of San Carlos, an extremely affluent area. San Carlos had an estimated median household income of $159,724 in 2022, more than double the national median household income of $70784. A reported 39% of the population earns an income of $200,000 or more in 2022. The site is located in a dense node with a daytime population of 312,229 within a 5-mile radius. The city’s population has grown 8.5% in the last 20 years and is projected to grow another 2.5% in the next five years.