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150 Charter St - Mid-Peninsula Opportunity 1.8 Acres of Residential Land Offered at $29,000,000 in Redwood City, CA 94063
INVESTMENT HIGHLIGHTS
- Tentative Map Approval for a four-story 72-unit residential building
- Sixty-five (65) 3-bedroom and seven (7) 2-bedroom units with total living area of 113,199 sq ft
- Site currently has supermarket and parking lots. Adjacent to Woodside Central Shopping Center (Target and Marshalls).
- 144 parking spaces for residences, 18 for guest, 2 for loading/short term; 38 bicycle parking spaces
EXECUTIVE SUMMARY
Check out this new redevelopment opportunity in the mid-Peninsula! We have Tentative Map Approval for a four-story 72-unit residential building with seven (7) 2-bedroom single-level units and sixty-five (65) 3-bedroom tri-level units and a total area of 113,199 sq ft. The project combines three parcels on a flat lot to create a 78,341 sq ft site in Redwood City's El Camino Real (MUC-ECR) Zoning District. The site currently has a supermarket and parking lot and is adjacent to the Woodside Central Shopping Center which has Target and Marshalls as its anchor tenants. There will be 144 parking spaces for the residences, 18 guest parking spaces, 2 loading/short term parking spaces, and 38 bicycle spaces. All parking spaces are on the ground floor within a shared podium parking structure. Approved plans and other disclosures are available for buyer's perusal.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $29,000,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| Sale Condition | Redevelopment Project | Total Lot Size | 1.80 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | ||
| Zoning | MUC-ECR | ||
| Price | $29,000,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 1.80 AC |
| No. Stories | 1 |
| Zoning | MUC-ECR |
1 LOT AVAILABLE
Lot
| Price | $29,000,000 | Lot Size | 1.80 AC |
| Price Per AC | $16,111,111.11 |
| Price | $29,000,000 |
| Price Per AC | $16,111,111.11 |
| Lot Size | 1.80 AC |
Note this property contains 3 parcels: AP/Ns 054-112-180, 054-112-170, 054-112-290. Address is 110-150 Charter St, Redwood City.
DESCRIPTION
This property currently has Mi Rancho supermarket, the supermarket's parking lot, and a parking lot beside Target.
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Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 054-112-170 | Improvements Assessment | $111,550 |
| Land Assessment | $2,900,347 | Total Assessment | $3,011,897 |
PROPERTY TAXES
Parcel Number
054-112-170
Land Assessment
$2,900,347
Improvements Assessment
$111,550
Total Assessment
$3,011,897
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150 Charter St - Mid-Peninsula Opportunity
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