$5,385,000

840 El Camino Real, Belmont 94002

13,503

Lot Size

Listing Agent
Tim Gilmartin - Gilmartin Group

Another Large Price Reduction. The Seller is Motivated. Well built, well cared for and fully remodeled 15 unit Mixed Use residential building in Belmont CA. This beautiful property boast 13 residential units and 2 retail units with 18 Parking spaces secured behind new electric security gates. The parcel spans the area from El Camino Real to Gordon St . allowing for ingress and egress from both sides of the property. The property is also located in The Belmont Village Specific Plan zoning area which allows for much greater density of development than currently exists. This creates the potential to build as many as 38 units on the site with 2.5 FAR and and a 65 foot height limit. Certain community benefits will need to be met to achieve this greatest density. Ask about Seller Financing

Facts & Features

MLS® # ML81911237
Price $5,385,000
Bathrooms 0.00
Lot Size 13,503
Year Built 1964
Type Commercial Sale
Status Active

Community Information

Address 840 El Camino Real
Area 699 - Not Defined
City Belmont
County San Mateo
Zip Code 94002

Amenities

Parking Spaces 2
Is Waterfront No
Has Pool No

Interior

Heating Wall Furnace
Cooling None
Has Basement No
Fireplace No

Exterior

Roof Foam

School Information

District Other

Additional Information

Date Listed October 22nd, 2022
Days on Market 552
Zoning R30000
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentTim Gilmartin
OfficeGilmartin Group

Listing Map

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