216 N San Mateo Dr — Sale in San Mateo, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Office
- Location: San Mateo, CA 94401
- Submarket: San Mateo
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Description
216 N San Mateo Dr is an exceptional office investment opportunity located in the thriving city of San Mateo, California. The subject property is situated on an 8,412-square-foot parcel of land and has a gross building area of approximately 3,890* square feet, offering a spacious office floor plan across two stories. San Mateo is strategically located between San Francisco and San Jose. The city is well-situated and offers an ideal climate in a robust and successful community and region. San Mateo offers a vibrant business and retail environment with several major shopping centers and an active downtown area. Many notable attractions in the city include the many street retailers lined along North El Camino Real, the popular Hillsdale Shopping Center, and San Mateo Medical Center. Investment Highlights: • Exceptional Mid-Peninsula Investment Opportunity - Investors have the opportunity to acquire a well-located office asset in one of the most dynamic and desirable locations in the Bay Area. • Prime Location - Employees are just two blocks away from Downtown San Mateo, home to a myriad of shopping, dining, and entertainment options. • Convenient Access to Transportation Corridors - The subject property provides convenient access to the major transportation corridors of U.S Highway 101, and California State Route 92.
Market Context
This office in San Mateo, CA is listed for sale. Compare it against other office listings for sale in San Mateo, CA — view the full market.
As of Q2 2026, the San Francisco Peninsula office market showed a 23.8% vacancy rate, and average asking rents near $66.00/SF/yr. Source: Kidder Mathews Q2 2026 market report.
Above-average vacancy gives buyers leverage and a wide set of comparables.
Office market FAQ
- Is the San Francisco Peninsula office market tightening or softening?
- Vacancy is around 23.8% (Q2 2026).
Contact
- Justin Fink · (650) 391-1851 · justin.fink@marcusmillichap.com
- Cole Simpson · (650) 391-1735 · cole.simpson@marcusmillichap.com
- Adam Levin · (650) 391-1782 · adam.levin@marcusmillichap.com
- Rob Johnston · (650) 391-1744 · robert.johnston@marcusmillichap.com
Explore this market
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