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220 N San Mateo Dr offers a prime multifamily investment opportunity, featuring favorable zoning that supports potential redevelopment or the addition of ADUs. Situated on a large 18,700 square foot parcel of land, the subject property was originally constructed in 1938 and features a gross building area of approximately 4,310 square feet, offering tenants spacious one-bedroom floor plans. Approximately half of the subject property is currently undeveloped vacant land offering a value-add opportunity with the development of ADUs or a complete redevelopment to various uses. Strategically positioned near the lively Downtown San Mateo, 220 N San Mateo Dr provides tenants with a myriad of high-end shopping, dining, and entertainment options. Tenants also benefit from proximity to some of the area's most prominent employers including Franklin Templeton Investments, Sony, Snowflake, Rakuten, and Roblox. Additionally, the subject property offers easy access to the major transportation corridors of U.S. Highway 101, San Mateo-Hayward Bridge, Interstate 280, and El Camino Real. 220 N San Mateo Dr presents an attractive choice for investors due to its favorable zoning, value-add opportunity, and proximity to Downtown San Mateo.
| LAST UPDATED | 3/13/2025 | YEAR BUILT | 1938 |
|---|---|---|---|
| GARAGE SPACES | 4.0 | COUNTY | San Mateo |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| GARAGE | Yes |
|---|---|
| LOT | 0.4263 acre(s) |
| LOT DIMENSIONS | 18570.00 |
| PARKING | Detached |
| SEWER | Public Sewer |
| WATER | Public |
| ZONING | E2-1.5 |
TOTAL MONTHLY PAYMENT
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Based on information from MLSListings MLS as of 7/3/25 6:15 AM PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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