1217 Jefferson AveRedwood City, CA 94062

Property Details for 1217 Jefferson Ave

Lot size

0.07 AC

Zone code

CG00CH

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

053-045-230

APU

53045230

Description

This exceptional 7-acre commercial land parcel presents a unique investment opportunity in Redwood City, California. Located at 1217 Jefferson Ave, zip code 94062, this property offers significant potential for a variety of commercial uses, including industrial and mixed-use developments. The expansive lot size provides ample space for large-scale projects. Its strategic location offers convenient access to Highway 101, ensuring seamless connectivity for businesses and employees. Furthermore, proximity to CalTrain provides excellent public transportation options, enhancing the property's appeal and accessibility. Situated in San Mateo County, this property benefits from a thriving local economy and a desirable location within Redwood City. The asking price for this remarkable opportunity is $650,000. Detailed zoning information and development possibilities are available upon request. This is an exceptional chance to acquire a substantial commercial land holding in a highly sought-after area of the San Francisco Bay Area. Don't miss this opportunity to secure a prime piece of Redwood City real estate. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $1,836,557

  6.5%

  $1,695,284

  7%

  $1,574,192

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,314,062

  Geo Method

  $1,262,347

• Alternative Use

  Use

  Valuation

  Residential

  $1,695,284

  Hospitality

  $1,552,870

  Educational

  $1,291,970

  Medical

  $1,336,403

  Retail

  $2,009,731

Location Insight

City

Redwood City

County

San Mateo

State

California

Latitude

37.4823

Longitude

-122.231

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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