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2790-2798 Spring St

4,664 SF Industrial Building Redwood City, CA 94063 £1,391,761 (£298/SF)

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EXECUTIVE SUMMARY

Perfect Property for Owner/Operator or Investor
High Visibility, Corner Location, and Prime Investment Opportunity
Located in a sought-after Low Income Community Opportunity Zone, this property offers an incredible chance for both business owners and investors to capitalize on its prime location and versatile zoning.
Key Features:
Corner Property with High Visibility
Two Driveway Entrances: One on Warrington and one on Spring
10 ft. Interior Ceilings providing spacious, open areas
Second Floor Storage Room: Approx. 800 sq. ft. with a half bath and 8 ft. ceiling
Currently Rented on a Month-to-Month Basis, offering flexibility
Current Uses: Catering service with a full kitchen and a House of Worship with limited hours
Zoning: "M-1/NFO" District (Chapter 17-1) – Perfect for a variety of commercial uses:
R&D Space
Manufacturing
Medical & Dental
Automotive
Retail
Brewery/Spirits
Veterinary Hospital
Pet Services
Restaurants & Food Service
Childcare
And much more…
Investment Potential:
This property is situated in a rapidly growing market, making it an ideal investment for those seeking high returns in one of the country's most dynamic areas. Whether you’re an owner/operator looking to grow your business or an investor seeking long-term value, this is your opportunity to own a piece of the future.
With its flexible zoning, prominent location, and potential for transformation, this property is a diamond in the rough just waiting for the right vision to unlock its full potential.
Don’t Miss Out!
Transform this space into a profitable asset and secure your place in one of the most exciting markets today!
For more information on zoning copy the link below
https://www.smcgov.org/media/104286/download?inline=

2790-2798 Spring St. RWC

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access	ANNUAL	ANNUAL PER SF
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
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	-
Annual Per SF	-

PROPERTY FACTS

Price	£1,391,761	Rentable Building Area	4,664 SF
Price Per SF	£298	Number of Floors	2
Sale Type	Investment or Owner User	Year Built	1965
Property Type	Industrial Light Industrial 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	£1,391,761
Price Per SF	£298
Sale Type	Investment or Owner User
Property Type	Industrial Light Industrial Research & Development General Retail Auto Repair
Building Class	C
Lot Size	0.21 AC
Rentable Building Area	4,664 SF
Number of Floors	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	£94,128
Land Assessment	£288,980	Total Assessment	£383,108

PROPERTY TAXES

Parcel Number

054-184-290

Land Assessment

£288,980

Improvements Assessment

£94,128

Total Assessment

£383,108

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)