41-43 E 3rd Avenue

LOCKEHOUSE RETAIL GROUP, as exclusive advisor, is pleased to present the opportunity to acquire 41-43 E. 3rd Avenue, a premier retail investment in the heart of Downtown San Mateo, one of the Peninsula’s most established mixed-use and retail destinations. Ideally located just one-half block from El Camino Real, the property benefits from a highly walkable, amenity-rich environment supported by affluent demographics, a strong daytime employment base, and a growing residential population. Downtown San Mateo continues to experience significant public and private investment through new office, residential, and retail development, further strengthening its long-term appeal and investment fundamentals. Surrounded by a dynamic mix of national retailers, acclaimed restaurants, boutique fitness concepts, and neighborhood amenities, the property enjoys consistent pedestrian traffic and exceptional visibility.  

41 E 3rd Avenue Plato’s Closet Ground Floor: ±2,593 SF

Second Floor: ±862 SF

Total: ±3,455 SF

08/01/2023 - 07/31/2028

No Option | NNN Lease | Rent Flat Thru Lease Expiration

43 E 3rd Avenue Color Me Mine Ground Floor: ±2,810 SF

Second Floor: ±725 SF

Total: ±3,535 SF

10/15/2025 - 03/14/2036

One 10-Year Option | NNN Lease | 3% Annual Increases