172 E 3rd Avenue, San Mateo, CA

About 172 E 3rd Avenue

Possible Seller Financing. 172 E 3rd Ave in downtown San Mateo is a Second-Generation Vacant Restaurant Space: Substantial foot and vehicle traffic. Immediate proximity to ample public parking and a Caltrain station. 1,645 sqf of ground-level space and an additional 870 sqf. of mezzanine storage. The current tenants have invested a tremendous amount of time and capital into the build out. Transforming this space into a 95% turnkey operation. While they have not opened the space the work has been completed to a high standard, allowing a new owner to quickly occupy the space. Upgrades have been made to the electrical and plumbing systems. ALL New 16-foot type 1 Hood with fire suppression, Hermetically Sealed Walk in and Freezer combo, grease trap, sinks, prep area ADA compliant bathroom. Additional comprehensive renovations featuring high-quality finishes. A state-of-the-art fully equipped open concept Commercial-Grade Kitchen. The space features new tile flooring, stylish wall decorations and carefully curated lighting exposed brick accents.This opportunity comes with a favorable existing lease. Current tenants are in the 5th year of a 10-year lease with 2 additional 5-year options. Current lease is in the low $6000s .Must see to appreciate. Business Only, NO Real Estate.

Listing Map