Flexible Downtown Retail or Adaptive Reuse 233-235 Baldwin Ave 510 m² Inoccupé Local commercial Vente aux enchères en ligne San Mateo, CA 94401

Secure a prime spot in Downtown San Mateo, California, with this unique opportunity to acquire 233-235 Baldwin Avenue. These neighboring retail properties offer flexible layouts and a high-traffic location in the city’s Central Business District. Delivered vacant, this is a fantastic opportunity for growing businesses and value-add investors, as well as developers, with a wide range of redevelopment options, including mixed-use, boutique offices, and modern retail concepts.

The buildings, constructed in 1930, encompass a total of 5,486 square feet on a 0.18-acre lot. 233 Baldwin Avenue is a former restaurant that captivates with an eye-catching Italian aesthetic, boasting a Venetian-textured façade, mission tile roofing, and a large arched glass entryway. Inside, the building provides a versatile open layout with high ceilings and great natural lighting. A covered and enclosed yard space with numerous skylights sits at the rear of the property.

235 Baldwin Avenue offers a former dry cleaner, with a full glass storefront and prominent signage catching the eyes of the area’s strong traffic counts. Its completely open layout is enhanced with an arched roof with exposed beams and a massive skylight that fills the space with rich natural lighting. Some remediation is needed to address environmental concerns. Please see the Data Room for more details.

The properties are situated between two signalized intersections within San Mateo’s downtown core, with robust foot traffic and visibility to more than 9,000 daily vehicles. Within walking distance, the area delivers a vibrant cultural and commercial hub, with national retailers including Orangetheory Fitness, Philz Coffee, and Paris Baguette, alongside top-rated local restaurants, including Sushi Maruyama, Porterhouse, Dash Japanese Tapas, Kokko, Amour Amour, and more. Sitting within minutes of both the 82 and 101 Freeways, as well as the San Mateo-Hayward Bridge, 233-235 Baldwin Avenue ensures quick commutes for employees and easy access for customers from across the Bay Area.

San Mateo offers a valuable destination for new business and investment, boasting a strong economy, affluent local demographics, and a tight retail submarket. Currently, vacancies in general retail properties sit at just 3.7%, and with no new space currently being built, there is no competing inventory for 233-235 Baldwin Avenue. Within just 2 miles of the property, the population of more than 78,000 delivers a valuable customer base, commanding average household incomes of more than $161,000 and delivering annual consumer spending of more than $1.2 billion. The properties are perfectly situated to capitalize on the large number of professionals in the area, sitting within 10 minutes of major employers, including the College of San Mateo, the newly expanded offices for Roblox, and the sprawling Oracle campus.

With exceptional visibility, high traffic counts, flexible layouts, and redevelopment potential, 233-235 Baldwin Avenue stands out as a premier choice for investors, entrepreneurs, and developers to join the Downtown San Mateo community, offering a solid foundation for future success.

Property tours are by appointment only. Please contact the listing broker to schedule.