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241 El Camino Real
Menlo Park, CA 94025

$8,500,000 USD

Storefront Retail Office For Sale • 9,721 SF

Property Details

Property Type Storefront Retail Office
Total Building Size 9,721 SF
Lot Size 0.46 AC
Building Class C
Year Built 1918
Cap Rate 1.38 %
Tenancy Multiple
Zoning SP-ECR-D

53 Transit Score

88 Walk Score

                
                    Highlights
                
                                Substantial signage and frontage on El Camino Real
                            
                                Close proximity to Stanford Shopping Center, Sandhill Rd, public transportation and downtown Palo Alto
                            
                                Long Term anchor tenant and low occupancy rate
                            
                                Spacious rental units with upside potential in residential income
                            
                                High Vehicle Per Day Count

Property Flyers

Flyer

OfferingMemorandum

Financial Summary (Actual)

Net Operating Income: $117,497 USD (2023)

Cap Rate:	1.38 %
Total Expenses:	$202,843 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Pear VC	5,065 SF	3/31/2027

Amenities

Air Conditioning

Public Transportation

Commuter Rail	Drive	Walk	Distance
Palo Alto (Caltrain - Caltrain (Caltrain))	2 min	13 min	0.7 mi
Menlo Park (Caltrain - Caltrain (Caltrain))	3 min	13 min	0.7 mi
Airport	Drive	Walk	Distance
Norman Y Mineta San Jose International	26 min	-	16.7 mi
San Francisco International	30 min	-	19.9 mi
Metro Oakland International	44 min	-	29.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	34
Type:	Surface
Included in Rent:	Yes

Annie Watson 650-862-5506 Coldwell Banker Residential Brokerage

241 El Camino Real Menlo Park, CA 94025