77 Birch St, REDWOOD CITY, CA

$4,800,000

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0.38

Acres

About 77 Birch St

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)

Features of 77 Birch St

MLS® # ML81946375
Price $4,800,000
Acres 0.38
Type Land
Sub-Type Residential Development Land
Status Active

Community Information

Address 77 Birch St
Area High School Acres Etc.
City REDWOOD CITY
County San Mateo
State CA
Zip Code 94062

Amenities

Utilities Public Utilities
Is Waterfront No

Interior

Fireplace No

Exterior

Lot Description Paved

School Information

Attendance Zone CLIFFORD ELEMENTARY SCHOOL, SEQUOIA HIGH SCHOOL, JOHN F. KENNEDY MIDDLE SCHOOL

Additional Information

Zoning R50000
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentDon Sung
OfficeColliers Parrish International
Office Contact650-380-5188

Listing Map

Listing Schools/Amenities

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Listing Price, Sale, & Status History

Price Reduced from $5,200,000 to $4,800,000