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Listed by Alexander Kent • Compass, DRE#01718732
$ 1,400,000
Est. payment /mo
Price Dropped by $250K
987 Laurel ST San Carlos, CA 94070
3,000 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential Development Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82044092
Lot Size 3,000 Sqft
Property Sub-Type Residential Development Land
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
Area Howard Park Etc.
Zoning MU-N-50: retail, office, resid. dev.
Exterior
Fence None
Utilities Available Natural Gas, Public Utilities
View None
Present Use Commercial
Building
Lot Description Other
Sewer Sewer - Public
Water Public
Others
Tax ID 051-358-020
Horse Property No
Special Listing Condition Not Applicable
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