135-139 Franklin Street is a 5,838 square foot building on a 10,489 square foot parcel. Built in 1979, the building is currently configured with two tenant suites, but can be configured for up to three tenants. The interior is built out with approximately 70% office space and 30% open flex space. The property is located within the Downtown Precise Plan Area in Redwood City and has a land use designation of Downtown General. This designation allows for a wide range of uses, including residential, office, and commercial. The existing improvements can be utilized in their current configuration, or the site could be redeveloped or converted to another permitted use. Redwood City has been going through a dramatic transformation over the last 13 years, particularly in the downtown area. Since the Downtown Precise Plan was approved in 2011, more than 2,000 residential units and 1.65 million square feet of office and commercial space have been developed in the downtown area. Additionally, 540 residential units and 716,000 square feet of office space are currently under construction, with another 1,787 residential units and 960,000 square feet of office space in the planning stages.
Details
Type:
Commercial Sale
Subdivision: Lenolt Etc.
County: San Mateo
Facilities: Multi-Tenant Building, Restroom(s)
Security Features: None
Tax ID: 053-173-080
Annual Taxes: $44,365
Building Size: 5,838 SqFt
Cap Rate: -1.45%
Access Features: None
AltCal ID: ML81973376
Amenities: Skylight
Cooling: Central AC
Flooring: Carpet, Concrete
Foundation: Concrete Slab
Heating: Central Forced Air, Wall Furnace
Loading Facility: 14' Roll Up Door
Number of Tenants: 2
Parking Spaces: 10
Property Type: Commercial Lease
Restrictions: None
Roof: Tar and Gravel
Sewer: Sewer - Public
Sub Type: Commercial Property
Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
135-139 Franklin St., Redwood City, CA 94063
Directions to here from: 155 mi
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Listed by Joshua Johnson with Marcus & Millichap
Based on information from the MLSListings MLS) as of 12/21/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
