7
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$6,500,000
Est. payment /mo
0.28 Acres Lot
Active
105 Chadbourne AVE Millbrae, CA 94030
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82042730
HOA Y/N No
Year Built 1929
Annual Tax Amount $73,209
Lot Size 0.275 Acres
Property Description
105 Chadbourne Avenue and 75 Broadway present a compelling value-add and development opportunity in one of the Bay Areas most desirable and undersupplied submarkets. The portfolio includes an 8-unit apartment building located at 105 Chadbourne Avenue and an adjacent single-family home at 75 Broadway on the neighboring parcel (9 units total, 100% occupied). Perfect for developers looking to capitalize on Californias pro-housing legislation or investors seeking stable cash flow with substantial long-term appreciation potential. The subject consists of a rectangular-shaped corner property with two APNs at the corner of Broadway and Chadbourne Ave and one block in from El Camino Real. Gross site size is 12,000 sf for the two parcels. There is 100 feet of frontage on Broadway and 120 feet of frontage on Chadbourne Ave. Seize this rare chance to acquire two contiguous parcels totaling ±12,000 SF of prime land in the heart of Millbrae, one of the Peninsulas most sought-after and supply constrained markets.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning RF-MU
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Utilities Available Other
Roof Type Other
Building
Water Other
Schools
School District Other
Others
Tax ID 024332010
Special Listing Condition Standard
Listed by Sam Runco Marcus & Millichap #01977683
NEARBY SCHOOL & BUSINESS
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