990 Laurel Street

990 Laurel Street offers an investor a unique opportunity to own a true "pride of ownership" investment property in highly desirable San Carlos, California.

The subject property contains 5,550 square feet of gross leasable area (GLA) and is situated on a half acre lot right in the heart of Downtown San Carlos. There are currently four dentist tenants occupying this space, two of which are on gross lease, and the other two on triple net. The property is is located on the corner of Laurel Street and Morse Boulevard and benefits from high visibility as well as high volume of foot traffic on a daily basis.

The City of San Carlos has recently proposed two major development projects within close proximity to the subject property. These potential multi-use developments would further enhance the appeal of downtown San Carlos businesses in the near future. As turnover on downtown real estate assets in San Carlos are few and far between, the sale of this property is truly a rare opportunity and would be a great long-term hold. The property has been well-maintained and owner-managed for years,
and provided the lot size could drive massive downtown rents with a high-end renovation.

San Carlos is an affluent small residential suburb located between Belmont to the north and Redwood City to the south, and has a population of roughly 28,500 (2010 census). Known to locals as “The City of Good Living†its main downtown area is comprised of restaurants and small shops. Every May, the town hosts the "Hometown Days" carnival
in Burton Park, the city's largest park. In October, the Chamber of Commerce hosts the San Carlos "Art & Wine Festival". Thursday evenings during the summer Laurel street is home to a weekly farmer's market known as "Hot Harvest Nights." However, most people call it "Farmer's Market".