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listing
1 of 22
LandFor Sale
$4,800,000
77 Birch St
Redwood City, CA 94062
Listed by: Don Sung from Colliers Parrish International, 650-380-5188
MLS: MLSListings Inc.
Est. Mortgage
$24,877/mo

PRICE ADJUSTMENT - $4,800,000 Rarely Available, Double-Lot (16,640 SF) w/ Existing Medical/Office Property. Property Offers Short-Term Cashflow With Long-Term Opportunity to Develop: 9 Townhouses OR 23 Condos. A+ Location in Quiet, Desirable Oak Knoll/Edgewood Park Neighborhood. Transit-Oriented Location. Walkscore: 93. Walk to Downtown Redwood City, Cal-Train Station. Excellent, Irreplaceable Tree-Lined Street West of El Camino. Little to No New Construction Condo or Townhouse Inventory. OPTION 1: 9 Townhomes - Already Submitted Plans (About 80% Approved): Eight (8) 4 BR/2.5 BA with 2,074 SF/Unit, and One (1) 3 BR/3 BA with 1,623 SF/Unit OPTION 2: 23 Condos - Includes: 15 Units + 8 Density Bonus Units - (8) 3 BR/2 BA, (8) 2 BR/2 BA, and (7) 1 BR/1 BA Units Recent Zoning Upgrade Offers 40 DU/Acre: 15 Units + 8 Density Bonus Units - 23 Total Units EXISTING CASHFLOW: ±4,918 SF Medical Office Building (6-Units) is Partially Vacant. Existing Medical/Office/Flex Property Offers 4,800 SF (with 6 Suites) can be Leased at $3/SF. Pro-Forma Rent: $16,000 ($3.25/SF) to $17,000 ($3.50/SF)

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Based on information from the MLSListings MLS as of 04/23/2024 01:50 PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Information courtesy of Colliers Parrish International is subject to verification and is not guaranteed.
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