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Rare investment opportunity located in the Central Business district of Downtown San Mateo between Second Ave. & Third Ave. The property consists of two freestanding commercial buildings of reinforced brick/concrete construction that share one roof. Both buildings offer 5,235 square feet of leasable space and 48 feet of frontage So. San Mateo Drive. 227 So. San Mateo Drive is currently occupied by Grape & Grain, a 1,390 SF wine bar, and 231 So. San Mateo Drive is owner-occupied by Steiners Jewelry 3,845 SF on two levels; 2,845 SF ground floor and 1,020 SF finished mezzanine. The buildings were extensively updated in 2004 including structural, seismic, electrical, lighting, HVAC, 3 bathrooms, and extensive interior finishes, and exterior finishes. The property is zoned CBD - C2 Central Business District and allows for a broad array of uses including restaurant, financial, health, office. Buyer to independently research zoning & use.