2127 Middlefield Rd Redwood City, CA 94063
- Manufacturing properties
- 2,430 SF
- 0.10 lot acres
Current Use by Public Records
- Peninsula Screen Shop / Electronics & Wireless Store / Mobile Phone Store
- Epoxy Foxy Floor Coatings / General Contractor / Renovation Specialist
Property Details for 2127 Middlefield Rd
- Year built
- 1981
- Lot size
- 0.10 lot acres
- Property size
- 2,430 SF
- Zone code
- IR0000
- Property type
- Manufacturing properties
- APN
- 053-363-150
- APU
- 53363150
Description
Exceptional owner-user opportunity in Redwood City, CA. This 2,290 square foot Class C warehouse, built in 1981, is ideally located across from Costco, offering excellent visibility and accessibility. The property features 18+ foot ceilings, three roll-up doors, two large offices, and three bathrooms. A fenced area provides parking for 4-6 vehicles. The building boasts a spray booth and has permitted uses beyond automotive, making it versatile for various businesses. Currently, a tenant occupies part of the space on a month-to-month lease, with rent recently increased by $100 per month after approximately seven years of occupancy. The owner, a retired licensed contractor, originally constructed the building for his own use as a custom cabinet shop. The asking price is $1,995,000, representing a 5.00% cap rate and $871.18 per square foot. The property is offered net lease and is single-tenant occupied. A portion of the warehouse space is currently owner-occupied and could generate additional income through rental. Showings are by appointment only.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Redwood City
- County
- San Mateo
- State
- California
- Longitude
- -122.218
- Latitude
- 37.4808
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
