411-417 Lathrop St - Service FOR SALE


Redwood City, CA 94063- Staumbaugh Heller
$3,500,000 USD
408-982-8458
411-417 Lathrop St, Redwood City, CA for Sale
$3,500,000 USD
Service - FOR SALE
1/43
null | 6.26% Cap Rate

NEW


411-417 Lathrop St
Redwood City, CA 94063
Staumbaugh Heller


HIGHLIGHTS

  • Excellent visibility and access along a high-traffic corridor with 38,270 vehicles per day.
  • Located within Redwood City’s El Camino Real Mixed-Use Corridor with flexible zoning for future redevelopment.
  • Walking distance to Redwood City Caltrain Station, providing regional transit connectivity.
  • Surrounded by major employers and corporate neighbors including Oracle, EA, and Facebook.
  • Recently completed Phase I ESA and roof reports, reducing near-term capital risk.
  • Strong demographics with over 250,000 residents and high household incomes within five miles.

OVERVIEW

This offering presents a rare investment opportunity in the heart of Redwood City, located at 411-417 Lathrop Street within the El Camino Real Mixed-Use Corridor. The property consists of seven units across approximately 7,650 square feet on a 0.24-acre parcel, zoned MUC-ECR, allowing for a variety of future redevelopment or repositioning options. Positioned just steps from the Redwood City Caltrain Station, the site benefits from exceptional connectivity to the Peninsula and greater Bay Area. El Camino Real, a major regional thoroughfare, provides a traffic count of over 38,000 vehicles per day, ensuring strong visibility and accessibility. The surrounding area is home to a robust mix of retail, dining, and entertainment amenities, as well as major employers such as Oracle, Electronic Arts, and Facebook, creating a dynamic environment for both tenants and investors. The property offers a projected net operating income of $219,070 and a cap rate of 6.26%, supported by a diverse tenant mix and recently completed Phase I ESA and roof reports. With a five-mile population exceeding 250,000 and an average household income of $179,322, this location is well-positioned for long-term growth and stability.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$458 USD /SF

CAP RATE

6.26%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

-

DRIVE INS

3

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.24

LAND SF

10,454

ZONING

CH00CG

APN/PARCEL ID

053-193-080

ASK ABOUT THIS PROPERTY

William SteeleNewmarkMore Info
408-982-8458

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William SteeleNewmarkMore Info
408-982-8458

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.