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2790-2798 Spring St

4,664 SF Industrial Building Redwood City, CA 94063 $2,598,658 CAD ($557 CAD/SF)

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Executive Summary

Perfect property for owner user currently rented on a MONTH-TO-MONTH basis. High visibility, corner property with 2 access driveways (entrance on Warrington and entrance on Spring). 10 ft. Interior ceilings. 2nd-floor storage room of approximately 800 sf with half bath and 8 ft ceiling. Current use is a catering service with a full kitchen and House of Worship with limited hours. It is located in the Low-Income Community Opportunity Zone. This property holds promise for lucrative returns on investment. Don't miss out on the chance to transform this diamond in the rough into a profitable asset in one of the most sought-after markets in the country.

Financial Summary (Actual - 2023) Click Here to Access	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	$99,999	$9.99
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Net Operating Income	-	-

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income (CAD)
Annual	$99,999
Annual Per SF	$9.99

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	-
Annual Per SF	-

Effective Gross Income (CAD)
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income (CAD)
Annual	-
Annual Per SF	-

Property Facts

Price	$2,598,658 CAD	Rentable Building Area	4,664 SF
Price Per SF	$557 CAD	No. Stories	2
Sale Type	Investment or Owner User	Year Built	1965
Property Type	Industrial Flex Research & Development General Retail Auto Repair	Tenancy	Single
Building Class	C	Parking Ratio	0.43/1,000 SF
Lot Size	0.21 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$2,598,658 CAD
Price Per SF	$557 CAD
Sale Type	Investment or Owner User
Property Type	Industrial Flex Research & Development General Retail Auto Repair
Building Class	C
Lot Size	0.21 AC
Rentable Building Area	4,664 SF
No. Stories	2
Year Built	1965
Tenancy	Single
Parking Ratio	0.43/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

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aerial
map

2790-2798 Spring St, Redwood City, CA - aerial map view - Image1

2790-2798 Spring St, Redwood City, CA - aerial map view - Image2

Walk Score ®

Very Walkable (84)

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measures access to public transit. Bike Score®

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PROPERTY TAXES

Parcel Number	054-184-290	Improvements Assessment	$165,977 CAD
Land Assessment	$509,558 CAD	Total Assessment	$675,535 CAD

PROPERTY TAXES

Parcel Number

054-184-290

Land Assessment

$509,558 CAD

Improvements Assessment

$165,977 CAD

Total Assessment

$675,535 CAD

zoning

Zoning Code	M-1, San Mateo Cnty (Zoning "M-1/NFO" DISTRICT CHAPTER 17-1: Can also include R & D Space, Manufacturing, Medical & Dental, Automotive, Retail, Brewery/Spirits, Veterinary)
M-1, San Mateo Cnty (Zoning "M-1/NFO" DISTRICT CHAPTER 17-1: Can also include R & D Space, Manufacturing, Medical & Dental, Automotive, Retail, Brewery/Spirits, Veterinary)