• Prime Development Opportunity at the Gateway to Redwood City (according to RWC Municipal Code). Across from nearly-completed Broadway Plaza, in the strategic Mixed-Use Corridor (MU-C) zoned area of Redwood City's most recent Strategic General Plan.
• Parcel is 0.58 acres. MU-C allows for 80du/ac = 46 potential units + ground floor commercial (buyer to verify).
• Complete MU-C Zoning Code: https://library.municode.com/ca/redwood_city/codes/zoning_code?nodeId=ART53MIECOZODI
• The property is currently fully leased 10,765 square foot Office/Flex property with upgraded interiors, producing significant cash flow for long term hold or through the planning/permitting process for redevelopment.
• Building is within 1 mile of three major mixed-use developments that will bring over 1,500 apartment units and 1,000,000 SF of commercial space:
1. Broadway Plaza (1401 Broadway Ave)
-518 Residential Units (For Rent)
-420,000 sq. ft. Office
-26,000 sq. ft. Retail
2. Elco Yards (1601 El Camino)
-540 Residential Units (For Rent)
-420,653 sq. ft. Research and Development
-109,347 sq. ft. Office
-28,841 sq. ft. Retail
3. 1205 Veterans Boulevard
-409 Residential Units (For Rent)
-5,600 sq. ft. Retail