Active

77 Birch ST

REDWOOD CITY CA, 94062

$4,800,000


$289.98 per sqft

Active

16,553 sqft

Land

Listed by Disclaimer

PRICE ADJUSTMENT - $4,800,000 Rarely Available, Double-Lot (16,640 SF) w/ Existing Medical/Office Property. Property Offers Short-Term Cashflow With Long-Term Opportunity to Develop: 9 Townhouses OR 23 Condos. A+ Location in Quiet, Desirable Oak Knoll/Edgewood Park Neighborhood. 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: A+-4,918 SF Medical Office Building (6-Units) is Partially Vacant. Existing Medical/Office/Flex Property Offers 4,800 SF (with 6 Suites) can be Leased at $3/SF. Pro-Forma Rent: $16,000 ($3.25/SF) to $17,000 ($3.50/SF)

ML81946375

MLS ID

February 15, 2024

Updated

Map

77 Birch ST
REDWOOD CITY CA, 94062

Exterior/Building Features

Lot Size

0.38 Acres


Sewer

Public Sewer

School Information

School District

935

Other Property Details

Area Name

High School Acres Etc.


Garage

No


View

No


County

San Mateo


Water Source

Public


Pool

No


Zoning

R50000


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

1/24/2024

Price Change

$4,800,000

-8%

Listed by Colliers Parrish International, Don Sung,
Listing Contact: 6503805188 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Nisha Sharma | CA DRE# 01746077 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 11:02 PM UTC, 2/15/2024

 

 

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