Listing Agency: Marcus & Millichap - Palo Alto y***@marcusmillichap.com Show Phone

Listed By: Yuri Sergunin, CCIM · License #01908322

Source: Crexi

Added: Apr 10 Changed: Aug 31 Last Checked: Aug 29 at 6:24PM

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Investment Insights

Based on property information with market context.

This retail space contains 5,036 SF and is offered for sale. The property is located at 2654 Broadway in Redwood City, California 94063, with a stated 4.50% cap rate.

Key Highlights

• 5,036 SF retail space
• 4.50% cap rate
• Located at 2654 Broadway, Redwood City, CA 94063

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Storage Facility Butcher Pet Store Fish Market Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,520

Businesses Nearby

460k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 34% Dining 34% Groceries 29% Electronics 2%

Safeway Groceries

72,725 visits/mo 0.4 miles

In-N-Out Burger Dining

54,798 visits/mo 0.5 miles

Whole Foods Market Groceries

51,605 visits/mo 0.4 miles

Chick-fil-A Dining

26,531 visits/mo 0.5 miles

ARCO Shops & Services

17,821 visits/mo 0.5 miles

Demographics for 94063, CA

35,836

Population

12,162

Households

2.9

Avg Household Size

34

Median Age

35%

College-Educated

74%

High-School Grad

6.5 sq mi

ZIP Area

5,513

Density / Sq Mi

$115,528

Median Household Income

$50,960

Median Earnings

$2,802

Median Rent

$1,077,100

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Commercial property offered for sale.

Where is this retail space located?

The property is located at 2654 Broadway Redwood City, CA.

What are key features of this property?

This property features: 5,036 SF retail space; 4.50% cap rate; Located at 2654 Broadway, Redwood City, CA 94063