Rare Mixed-Use Opportunity in the Heart of South San Francisco! Welcome to 231 Lux Avenue, a unique mixed-use property offering incredible potential for both investors and owner-users. This two-story building features a well-maintained 3-bedroom, 1-bathroom residential unit on the upper level, currently rented, providing steady income. The street-level commercial space is home to a long-standing and beloved Mexican restaurant, included in the sale. With nearly 40 years of success, this turnkey business offers a rare opportunity to continue a legacy or launch your own culinary vision. The sale also includes a beer and wine license (subject to conditions) and exclusive basement access for restaurant operations. Sitting on a large lot with dual street access, including entry from Tamarack Lane, the rear yard has been improved for outdoor dining or private events, seating approximately 40+ guests. Ideally located near Grand Avenue and Oyster Point, this property benefits from excellent exposure and proximity to biotech campuses, making it a sought-after dining destination for local professionals. Dont miss this chance to own a prime piece of South San Francisco real estate with live-work potential, income generation, and endless possibilities.
MLS # | ML82004319 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1915 |
Days On Site | 58 |
Listing Provided By | Kinetic Real Estate | Giovani Franco |
SQ Feet | 1,584 |
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Zoning | CL00C2 |
Acreage | 0.11 |
Heating | Wall Furnace |
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Heating Yes / No | Yes |
Cooling Yes / No | Yes |
Roof | Other |
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State | CA |
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County | San Mateo |
City | South San Francisco |
Zip Code | 94080 |
Area | 699 Not Defined |
Listing VS Median (in 94080) | |
Price: $1,298,000 low | high Med: $1,049,000 SqFt: 1,584 low | high Med: 980 $ / SqFt: $819 low | high Med: $1,070 On site: 58 low | high Med: 24.000000 |