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1562 El Camino Real - Potential Redevelopment OFFERS DUE 5/23/24

0.46 Acres of Residential Land in San Carlos, CA 94070

Investment Highlights

  • Currently built out as an upscale suburban hotel with 32 parking spaces.

Executive Summary

This district is intended to facilitate the transformation of the southern portion of El Camino Real into a multimodal, mixed-use corridor. The physical form varies to reflect the urban character of the El Camino Real corridor. This district allows a mix of residential development of up to one hundred twenty (120) units per net acre and retail and commercial uses, as well as hotels and other commercial uses oriented toward a regional market. Maximum height is 75’ (6 stories) and max FAR is 3.0 (plus 10% if mixed use).

Property Facts

Sale Type Investment
Sale Conditions Development Sale
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.46 AC

1 Lot Available

Lot

Lot Size 0.46 AC

Prime value add investment or residential re-development with seller allowing time for entitlements. San Carlos Housing element update in place with new 120 dwelling units/acre density and 75' height and 3.0 FAR

Description

1562 El Camino is an ±18,858 SF hotel with close proximity to San Francisco and San Jose. This two-story upscale suburban hotel is nearby downtown San Carlos and its many local amenities. 1562 El Camino Real is a 32 room boutique hotel favorably located 30 minutes south of San Francisco and 30 minutes north of San Jose making it an ideal location for all types of uses; hotel, multi-family development, and potentially, an office redevelopment. Its proximity to downtown San Carlos and its abundant restaurant and retail scene make 1562 El Camino Real steps to amenities.

Walk Score ®
Walker's Paradise (91)
Bike Score ®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
051-368-040
Land Assessment
£711,429
Improvements Assessment
£1,095,107
Total Assessment
£1,806,536

zoning

Zoning Code MU-SB-120 (Mixed-use South Boulevard)
MU-SB-120 (Mixed-use South Boulevard)
  • Listing ID: 31303021

  • Date on Market: 22/03/2024

  • Last Updated:

  • Address: 1562 El Camino Real, San Carlos, CA 94070

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