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332 Woodside Rd - Dev. Opportunity Woodside Rd. Redwood City 0.75 Acres of Residential Land Offered at $12,325,699 CAD in Redwood City, CA 94061
INVESTMENT HIGHLIGHTS
- Opportunity to develop 0.748 acre along the well-traveled street of Woodside Rd.
- .01 mile to downtown Redwood City
- Woodside Road is one of very few thoroughfares on the Peninsula between Highways 101 and 280
- 40,000+ cars per day estimated traffic count
- Less than ½ mile from El Camino Real
- 6 minutes to Redwood City CalTrain Train Station
EXECUTIVE SUMMARY
The Value Is The Land, Location & Opportunity however; the annual sales the nursery produces could be quite comforting while going through a different development plan. The parcel offers 32,583 sq. ft. Zoned for Mixed Use Neighborhood MUN. Redwood City Planning Department has suggested a 60 foot in height residential building, other commercial height limit is 35 feet in height. Other uses suggested are hotel, senior living, as well as many other possibilities. Currently owned and operated family nursery for several decades.The existing two story building built in 1969 is approximately 4,077 sq. ft. with residence on second floor and structure currently mixed-use. Nursery generates approx. $1.5M per year in sales, and may pay to keep it running for cash flow while planning the next chapter at this location.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $12,325,699 CAD | Lot Size | 0.75 AC |
| Price Per AC | $16,478,140.98 CAD |
| Price | $12,325,699 CAD |
| Price Per AC | $16,478,140.98 CAD |
| Lot Size | 0.75 AC |
0.748 acre at 32,583 SF all level/usable. power, water, sewer on site connected, 60' height limit. Buyer to verify all information in this listing.
DESCRIPTION
This is a development opportunity that is currently a retail nursery with a 4,077 SF structure, commercial half ground floor, residential second floor is other half of SF. The property is level, all usable and all utilities are on site. The property is not shoe-horned in between neighboring properties. Property can accommodate either commercial and/or mixed-use.,
1 1
Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 053-295-040 | Improvements Assessment | $212,280 CAD |
| Land Assessment | $258,872 CAD | Total Assessment | $471,152 CAD |
PROPERTY TAXES
Parcel Number
053-295-040
Land Assessment
$258,872 CAD
Improvements Assessment
$212,280 CAD
Total Assessment
$471,152 CAD
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332 Woodside Rd - Dev. Opportunity Woodside Rd. Redwood City
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