Why Buy When You Can Build? Rarely Available, Double-Lot (16,640 SF) w/ Medical/Office Property. Opportunity to Develop: 9 Townhouses OR 23 Condos A+ Location in Quiet, Desirable Oak Knoll/Edgewood Park. Transit-Oriented Location. Walkscore: 93. Walk to Downtown Redwood City, Cal-Train Station. Excellent, Irreplaceable Tree-Lined Street West of El Camino. Little to No New Construction Condo or Townhouse Inventory. OPTION 1: 9 Townhomes - Already Submitted Plans (About 80% Approved): Eight (8) 4 BR/2.5 BA with 2,074 SF/Unit, and One (1) 3 BR/3 BA with 1,623 SF/Unit OPTION 2: 23 Condos - Includes: 15 Units + 8 Density Bonus Units - (8) 3 BR/2 BA, (8) 2 BR/2 BA, and (7) 1 BR/1 BA Units Recent Zoning Upgrade Offers 40 DU/Acre: 15 Units + 8 Density Bonus Units - 23 Total Units EXISTING CASHFLOW: ±4,918 SF Medical Office Building (6-Units) is Partially Vacant. 4-Units Currently Occupied by Single Tenant at $5,100/Month (MTM Lease). Pro-Forma Rent: $16,000 ($3.25/SF) to $17,000 ($3.50/SF)

Location

Print Details

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. Real estate listings held by brokerage firms other than Intero Real Estate Services are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. The broker providing this data believes the data to be correct, but advises interested parties to confirm all information before relying on it for a purchase decision. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2022 MLSListings Inc. All rights reserved. http://www.mlslistings.com/ Updated: 29th November, 2023 2:54 AM (UTC)

Listing Agent: Don Sung

Listing Office: Colliers Parrish International

Attribution contact: 650-380-5188