Retail Business for Sale in San Mateo, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: San Mateo, CA 94403

Description

2838 S El Camino Real is a retail property located in San Mateo’s Hillsdale district. The property encompasses approximately ±34,000 square feet of retail space situated on a 1.18-acre lot. On-site parking and was formally occupied by a Macys Furniture. The location offers convenient access to major highways, including Highways 101 and 92, and is in proximity to the Hillsdale Shopping Mall and San Francisco International Airport.

Market Context

This retail in San Mateo, CA is listed for sale. It has been on the market for 93 days. Compare it against other retail listings for sale in San Mateo, CA — <a href="/search/sale/retail/california/san-mateo">view the full market</a>.

As of Q1 2026, the San Francisco Peninsula retail market showed a 2.9% vacancy rate, average asking rents near $6.47/SF/yr, and rents up 5.2% year over year. Source: Colliers Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the San Francisco Peninsula retail market tightening or softening?
Vacancy is around 2.9%, with asking rents rising year over year (Q1 2026).

Unified Estimate

Medium Confidence

$3.79/SF – $5.13/SF

Mid: $4.46/SF

Rate estimator only; cost-of-business estimate unavailable.

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