909-911 Main St 4,450 SF 100% Leased Retail Building Redwood City, CA 94063 $5,341,986 CAD ($1,200.45 CAD/SF) 5.01% Cap Rate

Investment Opportunity: Prime Transit-Oriented Development Site
909-911 Main Street, Redwood City, CA
Executive Summary
Heckenberg Realty is pleased to present a rare opportunity to acquire a high-visibility asset in the heart of Redwood City’s booming downtown corridor. This property offers a unique "covered land play" for sophisticated investors, providing immediate cash flow with significant long-term upside through high-density, mixed-use development.
Asset Highlights
Income Stability: Currently occupied by a triple-net (NNN) leased restaurant, ensuring minimal landlord responsibility and steady NOI.
Development Runway: With approximately two years remaining on the current lease, an investor has a strategic window to secure entitlements and finalize architectural plans while offsetting holding costs with existing rental income.
Strategic Location: Situated on Main Street, the property benefits from heavy foot traffic, premium visibility, and proximity to major tech hubs and transit centers.
Zoning Potential: Located in a high-demand zone favorable for multi-use projects. The site is ideal for a flagship vertical development combining luxury residential or premium office space with ground-floor retail/dining.
Redwood City continues to be one of the Peninsula's most desirable markets for transit-oriented development. As the "Entertainment Capital" of the Peninsula, the downtown area maintains low vacancy rates and aggressive rent growth, making 909-911 Main St an ideal candidate for a landmark project that captures the city’s urban evolution.