172 E 3rd Avenue , #172

Description

In the heart of vibrant Downtown San Mateo! This exceptional second-generation restaurant space located at 172 E 3rd Ave, presents a rare opportunity to step into a meticulously renovated and virtually turnkey establishment. Boasting a prime location with high visibility and accessibility, this space is poised to become a thriving culinary destination. Strategic Location: Situated on bustling E 3rd Ave, this restaurant benefits from substantial foot and car traffic, ensuring constant exposure to potential patrons. The proximity to ample public parking and the Caltrain station further enhances accessibility, drawing in diners favorable existing lease. Current tenants are currently in the 5th year of a 10-year lease, with 2 additional 5-year options providing long-term stability and the opportunity to grow your business. The current rent is in the low $6000s, an exceptional value for the location. Open Concept: The property features 1,645 square feet of ground-level space, complemented by an additional 870 square feet of storage. The current tenants have invested a generous amount of time and capital into transforming this space into a 95% turnkey operation. While they have not opened the space, the work has been completed to a high standards. 16 Foot Type 1 Hood, ADA Compliant.