$2,750,000
$3,050,000
9.8%For more information regarding the value of a property, please contact us for a free consultation.
10,489 Sqft Lot
SOLD DATE : 10/16/2024
Key Details
Sold Price $2,750,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81973376
Sold Date 10/16/24
HOA Y/N No
Year Built 1979
Annual Tax Amount $44,365
Lot Size 10,489 Sqft
Property Description
135-139 Franklin Street is a 5,838 square foot building on a 10,489 square foot parcel. Built in 1979, the building is currently configured with two tenant suites, but can be configured for up to three tenants. The interior is built out with approximately 70% office space and 30% open flex space. The property is located within the Downtown Precise Plan Area in Redwood City and has a land use designation of Downtown General. This designation allows for a wide range of uses, including residential, office, and commercial. The existing improvements can be utilized in their current configuration, or the site could be redeveloped or converted to another permitted use. Redwood City has been going through a dramatic transformation over the last 13 years, particularly in the downtown area. Since the Downtown Precise Plan was approved in 2011, more than 2,000 residential units and 1.65 million square feet of office and commercial space have been developed in the downtown area. Additionally, 540 residential units and 716,000 square feet of office space are currently under construction, with another 1,787 residential units and 960,000 square feet of office space in the planning stages.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning Downtown Specific Plan
Interior
Heating Central, Wall Furnace
Cooling Central Air
Fireplace No
Exterior
Roof Type Tar/Gravel
Total Parking Spaces 10
Building
Story 1
Water Public
Others
Tax ID 053173080
Financing Cash
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Bought with Joshua Johnson • 24/7 Realty Inc.
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