422-426 Peninsula Ave, San Mateo, CA 94401 — Sale in San Mateo, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Property
  • Location: San Mateo, CA 94401

Photos

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Description

422-426 Peninsula Ave presents a rare owner-user or investment opportunity located on the border of San Mateo and Burlingame. Situated on a 6,098 square foot parcel of land, the subject property was originally constructed in 1954, offering approximately 3,456* square feet of net rentable square feet. 422-426 Peninsula Ave is currently built out as 3 separate suites but can be reconfigured to cater leasing needs. The property benefits from its strategic Peninsula Ave location, providing convenient access to both San Mateo and Burlingame and proximity to major transportation corridors, established residential neighborhoods, and a broad range of retail and commercial amenities. The surrounding area features a diverse mix of office, flex, retail, and residential uses, supporting the property's appeal to a variety of local businesses and professional users. With its attractive Peninsula location, flexible configuration, and multiple potential use strategies, 422-426 Peninsula Ave offers a compelling opportunity for an owner-user or investor seeking well-located commercial real estate in the San Mateo/Burlingame market. Investment Highlights: • Premier Owner-User Office/Flex Asset in Exceptional Peninsula Location – Fully vacant office/flex asset offering investors and owner-users a rare opportunity on the San Mateo-Burlingame border. • Incredible Street Exposure – Prominent frontage along Peninsula Ave provides excellent visibility to pedestrian and vehicular traffic. • Strong Market Fundamentals – Desirable Peninsula location supported by sustained demand and limited competing supply.

Market Context

This retail in San Mateo, CA is listed for sale. Compare it against other retail listings for sale in San Mateo, CA — view the full market.

As of Q2 2026, the San Francisco Peninsula retail market showed a 4.5% vacancy rate, and average asking rents near $38.52/SF/yr. Source: Kidder Mathews Q2 2026 market report.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

Is the San Francisco Peninsula retail market tightening or softening?
Vacancy is around 4.5% (Q2 2026).

Contact the listing broker

This listing comes from the Marcus & Millichap website. CREhunt does not pass messages to the broker. Contact the broker directly.

Questions to ask the broker

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  • What is the asking price?
  • What is the current zoning, and does it allow my intended use?
  • How many parking spaces come with the property?

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