Active

987 Laurel Street

San Carlos, CA 94070
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SqFt3,000

Sqft(Lot)

This is a medical office building that is leased to a major Vet chain through 12/31/2026. They are not renewing because they are consolidating to another much larger location. This building offers a broad array of permissible uses including residential. The Regional Housing Needs Assessment puts this land at 2 residential units. However, if redeveloped with an architect and the city with both city and new state pro-housing laws, a buyer could potentially get several stories and many units, TBD. Zoning: MU-N-50: Neighborhood Mix: retail, commercial, and office uses, as well as residential development of up to fifty (50) units per net acre. Permissible uses: Multi unit residential, family childcare small and large, Residential care - limited, community assembly(minor use permit), cultural (MUP), day care, instructional, schools (CUP), social service (CUP), pet grooming(*5), bank and financial services (mup), business services (9*), restaurant (cup), convenience store (cup), food prep, business and professional office, medical office (9*), personal service. Please speak with a city planner and an architect to confirm whether your use is permissible.

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Detail Ic Property Details

Property Type : Land

Price : $1,650,000

AD Id : 77664215

MLS Id : ML82044092

Lot Size : 3,000 Sqft(Lot)

County : San Mateo

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Feature Features

  • Bathroom Information

    Total Baths: 0

    Water/Sewer

    Water Source: Public Sewer: Public Sewer

  • Fencing

    None

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.0689
  • Lot Size Source: Assessor Lot Size Square Feet: 3000

  • Listing Price Information

    Original List Price: 1,650,000 Listing Contract Date: 2026-04-22
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 051358020

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 699 - Not Defined Directions: Cross Street: Morse Blvd Zoning: MU-N-50: retail, office, Source Property Type: Land Area: 699 - Not Defined
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Winding Way, San Carlos, CA, 94070 $520,000 -- -- -- Acres (Lot)--
64 Laurel Street, San Carlos, CA, 94070 $5,500,000 -- -- -- 8,088 Sqft(Lot)
39 Madera, San Carlos, CA, 94070 $649,000 -- -- -- 8,900 Sqft(Lot)
65 Madera Avenue, San Carlos, CA, 94070 $998,000 -- -- -- 7,661 Sqft(Lot)
Devonshire Boulevard, San Carlos, CA, 94070 $295,000 -- -- -- 29,784 Sqft(Lot)

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ByOwner last updated this listing 06/18/2026 @ 08:35

MLS: ML82044092 LISTED BY: Alexander Kent, Compass 415-660-9955 SOURCE: CRMLS

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