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507 Woodside Rd
Redwood City, CA 94061
SELLER FINANCING AVAILBALE · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Exceptional Mid-Peninsula Investment Opportunity - well-situated mixed-use asset in a dynamic and desirable Redwood City location.
- Proximity to Vibrant Downtown Redwood City - near Downtown Redwood City, home to a myriad of high-end shopping, dining, and entertainment options.
- Desirable Mixed-Use Investment - beautifully designed one-bedroom and retail floor plans.
- Convenient Unit Upgrades – private parking, modern cabinetry, hardwood flooring, updated bathrooms, stainless steel appliances, and more.
EXECUTIVE SUMMARY
507 Woodside Rd is an exceptional mixed-use investment opportunity located in the thriving city of Redwood City, California.
Situated on a 3,492 square foot parcel of land, the subject property was originally constructed in 1954 and has a gross building area of approximately 2,820 square feet, offering its tenants beautifully designed one-bedroom and retail floor plans. In addition to private parking, tenants enjoy modern cabinetry, hardwood flooring, updated bathrooms, stainless steel appliances, recessed lighting, ceiling fan and in-unit washer/dryer.
The subject property is located just minutes from the lively Downtown Redwood City which offers tenants and residents a myriad of high-end shopping, dining and entertainment options. The Redwood City Caltrain Station, offering Express services is also close by and provides an inexpensive, hassle free commute to major employment and entertainment centers in San Francisco, the Peninsula, and the South Bay. In addition to excellent public transportation options, residents enjoy easy access to the major transportation corridors of U.S. Highway 101, Interstate 280, the San Mateo- Hayward Bridge and the Dumbarton Bridge. The investment appeal of this asset is driven by Redwood City's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of San Francisco's Bay Area, 507 Woodside Rd presents an attractive choice for peninsula renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
Situated on a 3,492 square foot parcel of land, the subject property was originally constructed in 1954 and has a gross building area of approximately 2,820 square feet, offering its tenants beautifully designed one-bedroom and retail floor plans. In addition to private parking, tenants enjoy modern cabinetry, hardwood flooring, updated bathrooms, stainless steel appliances, recessed lighting, ceiling fan and in-unit washer/dryer.
The subject property is located just minutes from the lively Downtown Redwood City which offers tenants and residents a myriad of high-end shopping, dining and entertainment options. The Redwood City Caltrain Station, offering Express services is also close by and provides an inexpensive, hassle free commute to major employment and entertainment centers in San Francisco, the Peninsula, and the South Bay. In addition to excellent public transportation options, residents enjoy easy access to the major transportation corridors of U.S. Highway 101, Interstate 280, the San Mateo- Hayward Bridge and the Dumbarton Bridge. The investment appeal of this asset is driven by Redwood City's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of San Francisco's Bay Area, 507 Woodside Rd presents an attractive choice for peninsula renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,820 SF
Building Class
C
Year Built
1954
Price
$2,280,000
Price Per SF
$808.51
Cap Rate
3.74%
NOI
$85,272
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.92
Lot Size
0.07 AC
Zoning
CHOOCP - Mixed use .
Frontage
PROPERTY TAXES
| Parcel Number | 059-092-270 | Improvements Assessment | $266,763 |
| Land Assessment | $1,708,237 | Total Assessment | $1,975,000 |
PROPERTY TAXES
Parcel Number
059-092-270
Land Assessment
$1,708,237
Improvements Assessment
$266,763
Total Assessment
$1,975,000
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