Office/Medical/Retail Owner User Opportunity | 1605-1615 W El Camino Real
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Office/Medical/Retail Owner User Opportunity 1605-1615 W El Camino Real
5,128 SF 100% Leased Office Building Mountain View, CA 94040 $3,050,000 ($595/SF)
Investment Highlights
- Rare 5,128 SF Owner User Opportunity on El Camino Real in Mountain View
- 3,761 SF Available to Occupy Within 30 Days
- Situated on a 9,800 SF Lot with 10 Parking Spaces
- Zoning Allows for Retail, Office, Medical Services, Art - Dance - Music Studios, Day Care with PUP and Animal Services with PUP
- Mixed-Use Corridor Land Use Designation Allowing for Mixed-Use Residential Developments
- Located on W El Camino Real Near El Monte Ave - Surrounded by New Residential Developments and Retail Shopping Centers
Executive Summary
- Rare opportunity for an owner-user/investor to acquire a freestanding 5,128 square foot office/medical/retail building for sale on W El Camino Real in Mountain View, CA.
- All short-term leases in place allowing an owner user to occupy 51% + of the building, 3,761 SF is currently available within 30 days for an Owner User to Occupy.
- The property is situated on a 9,800 square foot lot with a large parking lot behind the building with 10 spaces.
- The property is in the Planned Community/Precise Plan zoning designation which allows for uses such as child day care centers (PUP), dance, art, music studios, retail, professional office, medical services, personal services, restaurants, animal service establishments (PUP- Provisional Use Permit).
- The property is in the Mixed-Use Corridor which allows for a broad range of commercial, office, and residential uses with an intensity of 1.85 FAR (approximately 60 DU/AC or 50-130 residents/acre), of which up to 0.50 FAR can be office or commercial. On El Camino Real intensities above 1.85 FAR and up to 3.0 FAR may be permitted at key locations with significant public benefits and amenities. Up to 4 Stories and up to 6 stories for projects above 1.85 FAR.
- The property is located on W El Camino Real, near El Monte Avenue surrounded by new residential apartments buildings and shopping centers.
- 0.30 miles from the corner of El Camino Real & Shoreline Blvd and 0.50 miles from Downtown Mountain View (Castro Street).
- Strong demographics with household incomes in excess of $170,000 in a 1-mile radius.
- All short-term leases in place allowing an owner user to occupy 51% + of the building, 3,761 SF is currently available within 30 days for an Owner User to Occupy.
- The property is situated on a 9,800 square foot lot with a large parking lot behind the building with 10 spaces.
- The property is in the Planned Community/Precise Plan zoning designation which allows for uses such as child day care centers (PUP), dance, art, music studios, retail, professional office, medical services, personal services, restaurants, animal service establishments (PUP- Provisional Use Permit).
- The property is in the Mixed-Use Corridor which allows for a broad range of commercial, office, and residential uses with an intensity of 1.85 FAR (approximately 60 DU/AC or 50-130 residents/acre), of which up to 0.50 FAR can be office or commercial. On El Camino Real intensities above 1.85 FAR and up to 3.0 FAR may be permitted at key locations with significant public benefits and amenities. Up to 4 Stories and up to 6 stories for projects above 1.85 FAR.
- The property is located on W El Camino Real, near El Monte Avenue surrounded by new residential apartments buildings and shopping centers.
- 0.30 miles from the corner of El Camino Real & Shoreline Blvd and 0.50 miles from Downtown Mountain View (Castro Street).
- Strong demographics with household incomes in excess of $170,000 in a 1-mile radius.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
5,128 SF
Building Class
B
Year Built
1946
Price
$3,050,000
Price Per SF
$595
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,500 SF
Slab To Slab
8’
Building FAR
0.52
Lot Size
0.22 AC
Zoning
P -Planned Community - P (Planned Community/Precise Plan)
Parking
10 Spaces (1.95 Spaces per 1,000 SF Leased)
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Walk Score ®
Walker's Paradise (91)
Bike Score ®
Biker's Paradise (91)
PROPERTY TAXES
Parcel Number | 189-32-077 | Improvements Assessment | $126,140 |
Land Assessment | $2,501,803 | Total Assessment | $2,627,943 |
PROPERTY TAXES
Parcel Number
189-32-077
Land Assessment
$2,501,803
Improvements Assessment
$126,140
Total Assessment
$2,627,943
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Office/Medical/Retail Owner User Opportunity | 1605-1615 W El Camino Real
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