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Historic Mixed-Use Redwood City Landmark

901 MAIN ST Redwood City, CA 94063

901 MAIN ST, Redwood City, CA, 94063
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Rare, stabilized mixed-use investment in Downtown Redwood City.

Property Size5,000 SF
Price / SF$520
AddedMay 12
Days on Market66
Last RefreshJul 15 at 8:54 pm

Property Features for 901 MAIN ST

General Information

Standard status
Active
Size
5,000 SF
Property subtype
Retail

Building Details

Year Built
1901

Listing office The Corcoran Group

Listing date May 12, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of The Corcoran Group


Investment Insights

Based on property information with market context.

Located in the heart of Downtown Redwood City, 901–903 Broadway Street presents a historic mixed-use investment opportunity. This two-story asset, with approximately 5,000 square feet, features a blend of retail and residential income. It comprises two ground-floor retail suites and four upper-floor residential units. Originally constructed in 1901 and structurally renovated in 1992, the property is positioned within the Downtown Precise Plan corridor. The location offers walkability to Caltrain and major employers, including Oracle, Electronic Arts, and Box, as well as redevelopment activity throughout Downtown Redwood City. The property is currently 100% occupied with long-term in-place tenancy, providing stable cash flow and appreciation potential.

Key Highlights

  • Rare historic mixed‑use investment property in Downtown Redwood City.
  • 100% occupied with long‑term in‑place tenancy, providing stable cash flow.
  • Located in a high‑barrier‑to‑entry market with long‑term appreciation potential.

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $343.2k $68.64
− Vacancy −$84.8k −$16.95
EGI $258.4k $51.69
− OpEx −$96.9k −$19.38
NOI $161.5k $32.30
5,000 SF · lease $68.64/SF/yr · vacancy 24.70% · expense 37.50%

Alternative Uses

Best Use
Mixed Use
$2.31M
$2.02M – $2.69M (±1% cap)
NOI $161,519 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$1.94M
$1.70M – $2.27M (±1% cap)
NOI $136,085 @ 7.0% cap · market cap 5.23%
Theoretical Best
Warehouse
$3.97M
$3.48M – $4.63M (±1% cap)
NOI $278,009 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Better Hair Days Hair Salon Angel Looks Studio Hair Salon

Suggested Use

(Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Locksmith Fish Market Barber Shop Butcher Pet Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Tanning Salon

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Mixed-use property - Rare, stabilized mixed-use investment in Downtown Redwood City.
Where is this mixed-use property located?
The property is located at 901 MAIN ST Redwood City, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Rare historic mixed‑use investment property in Downtown Redwood City.; 100% occupied with long‑term in‑place tenancy, providing stable cash flow.; Located in a high‑barrier‑to‑entry market with long‑term appreciation potential.
Contact an agent
(650) 339-6818 Call to check price and availability
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