SAN FRANCISCO PENINSULA VIEW DEVELOPMENT SITE 803 AND 815 BELMONT AVENUE BELMONT, CA 94002
Scott C. Davis , BRE #00578914 Senior Investment Advisor 415.922.2900 x102 [email protected] BRE #00578914 Kevin D. Chin, CCIM, BRE#00696127 Managing Director 415.922.2900 x101 [email protected] BRE #00696127
SVN | PACIFIC COMMERCIAL ADVISORS | 1674 POST STREET, SUITE 1, SAN FRANCISCO, CA 94115 OFFERING MEMORANDUM PROPERTY INFORMATION 1 Property Summary Property Description Complete Highlights
LOCATION INFORMATION 2 Regional Map Location Maps Aerial Map Site Plan
DEMOGRAPHICS 3 Demographics Report Demographics Map
SVN | PACIFIC COMMERCIAL ADVISORS | 1674 POST STREET, SUITE 1, SAN FRANCISCO, CA 94115 OFFERING MEMORANDUM 1 PROPERTY INFORMATION 803 And 815 Belmont Avenue Belmont, CA 94002
SAN FRANCISCO PENINSULA VIEW DEVELOPMENT SITE | 1674 POST STREET, SUITE 1, SAN FRANCISCO, CA 94115 SVN | Pacific ommerC cial Advisors | Page 3 Property Summary
OFFERING SUMMARY PROPERTY OVERVIEW Sale Price: Subject To Offer RARE, once in a generation opportunity. Owned by the same family for over 44 years. Currently operated as the Bel-Mateo Motel and the Van's Restaurant. Up-sloped site affords panoramic bay and San Francisco skyline views. Available SF: 0 SF Potential to build 80+ market rate units (with upcoming General Plan update 45 units per acre).
http://www.belmont-2035generalplan.com/ Lot Size: 1.84 Acres PROPERTY HIGHLIGHTS Zoning: Current C-2 / Planned • Panoramic Bay and City Views Re-zoning to Corridor • Belmont General Plan Up-zoning by year end Mix Use - 45 units/ • Near Caltrain and Freeway acre* • On Retail Corridor • Close to major High Tech employers Market: SF Mid-Peninsula
Submarket: Belmont
SAN FRANCISCO PENINSULA VIEW DEVELOPMENT SITE | 803 AND 815 BELMONT AVENUE, BELMONT, CA 94002 SVN | Pacific ommerC cial Advisors | Page 4 Property Description
PROPERTY OVERVIEW RARE, once in a generation opportunity. Owned by the same family for over 44 years. Currently operated as the Bel-Mateo Motel and the Van's Restaurant. Up-sloped site affords panoramic bay and San Francisco skyline views. Potential to build 80+ market rate units (with upcoming General Plan update 45 units per acre).
http://www.belmont-2035generalplan.com/
LOCATION OVERVIEW
Belmont is a city in San Mateo County in the U.S. state of California. It is in the San Francisco Bay Area, on the San Francisco Peninsula halfway between San Francisco and San Jose. It was originally part of Rancho de las Pulgas, for which one of its main roads, the Alameda de las Pulgas, is named. The city was incorporated in 1926. Its population was 25,835 at the 2010 census. Ralston Hall is a historic landmark built by Bank of California founder, William Chapman Ralston, on the campus of Notre Dame de Namur University. It was built around a villa formerly owned by Count Cipriani, an Italian aristocrat. The locally famous "Waterdog Lake" is also located in the foothills and highlands of Belmont. Carlmont High School and Ralston Middle School are located in Belmont and are both Distinguished California Schools. This Belmont Highway 82 ( El Camino Real ) corridor-served property is near major employers such as World HQ for Facebook, Google, Oracle and Visa USA. Prime Belmont foothills overlooking El Camino Real near dining, shopping and public transit. Less than a mile to the Caltrain Station and minutes from San Francisco International Airport. The hillside topography features panoramic views of the San Francisco Bay to the East. The excellent school district will appeal to young families and empty-nesters looking to maximize their access of the extensive area amenities will energize sales of newly constructed housing units at this location.
SAN FRANCISCO PENINSULA VIEW DEVELOPMENT SITE | 803 AND 815 BELMONT AVENUE, BELMONT, CA 94002 SVN | Pacific ommerC cial Advisors | Page 5 Complete Highlights
SALE HIGHLIGHTS • Panoramic Bay and City Views • Belmont General Plan Up-zoning by year end • Near Caltrain and Freeway • On Retail Corridor • Close to major High Tech employers
SAN FRANCISCO PENINSULA VIEW DEVELOPMENT SITE | 803 AND 815 BELMONT AVENUE, BELMONT, CA 94002 SVN | Pacific ommerC cial Advisors | Page 6 2 LOCATION INFORMATION 803 And 815 Belmont Avenue Belmont, CA 94002
SAN FRANCISCO PENINSULA VIEW DEVELOPMENT SITE | 1674 POST STREET, SUITE 1, SAN FRANCISCO, CA 94115 SVN | Pacific ommerC cial Advisors | Page 7 Regional Map
San Francisco Peninsula View Development Site
SAN FRANCISCO PENINSULA VIEW DEVELOPMENT SITE | 803 AND 815 BELMONT AVENUE, BELMONT, CA 94002 SVN | Pacific ommerC cial Advisors | Page 8 Location Maps
SAN FRANCISCO PENINSULA VIEW DEVELOPMENT SITE | 803 AND 815 BELMONT AVENUE, BELMONT, CA 94002 SVN | Pacific ommerC cial Advisors | Page 9 Aerial Map
San Francisco Peninsula View Development Site
SAN FRANCISCO PENINSULA VIEW DEVELOPMENT SITE | 803 AND 815 BELMONT AVENUE, BELMONT, CA 94002 SVN | Pacific ommerC cial Advisors | Page 10 Site Plan
SAN FRANCISCO PENINSULA VIEW DEVELOPMENT SITE | 803 AND 815 BELMONT AVENUE, BELMONT, CA 94002 SVN | Pacific ommerC cial Advisors | Page 11 3 DEMOGRAPHICS 803 And 815 Belmont Avenue Belmont, CA 94002
SAN FRANCISCO PENINSULA VIEW DEVELOPMENT SITE | 1674 POST STREET, SUITE 1, SAN FRANCISCO, CA 94115 SVN | Pacific ommerC cial Advisors | Page 12 Demographics Report
1 MILE 2 MILES 3 MILES
Total population 26,135 78,012 152,647
Median age 38.7 39.3 39.8
Median age (male) 39.1 39.1 39.2
Median age (female) 38.2 39.4 40.5
1 MILE 2 MILES 3 MILES
Total households 10,234 30,881 60,950
Total persons per HH 2.6 2.5 2.5
Average HH income $110,700 $119,144 $123,398
Average house value $830,613 $854,046 $856,313
* Demographic data derived from 2010 US Census
SAN FRANCISCO PENINSULA VIEW DEVELOPMENT SITE | 803 AND 815 BELMONT AVENUE, BELMONT, CA 94002 SVN | Pacific ommerC cial Advisors | Page 13 Demographics Map
POPULATION 1 MILE 2 MILES 3 MILES
Total population 26,135 78,012 152,647
Median age 38.7 39.3 39.8
Median age (male) 39.1 39.1 39.2
Median age (Female) 38.2 39.4 40.5
HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES
Total households 10,234 30,881 60,950
# of persons per HH 2.6 2.5 2.5
Average HH income $110,700 $119,144 $123,398
Average house value $830,613 $854,046 $856,313
* Demographic data derived from 2010 US Census
SAN FRANCISCO PENINSULA VIEW DEVELOPMENT SITE | 803 AND 815 BELMONT AVENUE, BELMONT, CA 94002 SVN | Pacific ommerC cial Advisors | Page 14