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2431 Spring Street Redwood City, CA ^$ 10,950,000

2431 Spring Street

^$ 10,950,000

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2431 Spring Street

Redwood City, CA, 94063

^$ 10,950,000

Studio Baths0.0 Sq 16,000

Monthly Estimate*

^$ 72,777

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Studio

Commercial Property for sale in Redwood City, CA

for $10,950,000. This 16,000 square foot building was built in 1983 on a lot size of 2.

Opportunity for serious Porsche Collector or vintage Parts House/ Service Facility 16,000 square feet of floor to ceiling Porsche Parts! 46 Year collection of mostly Air-Cooled Porsche Parts up to 1988 25' x 100' Shop with 8 service stalls (2500sft) 13,500sft. 3 story building featuring class B office space along with ADA compliant bathrooms. Each floor features cement flooring engineered to hold the weight and access to parts and supplies. 7000sft. Securely fenced cement parking lot. The Shop initially focused on 914's it also covers air-cooled 911s,912s as well as front engine Porsches of the 80s and 90s such as the 928,944 931,& 924.The owner has been at this for close to five decades and he would like to retire.

Commercial Active

Price

^$ 10,950,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Lot Size

Year Built

1983

Town/City

Redwood City

County/Region

San Mateo

MLS | Web ID

424007295

Features

General

Sewer Public Sewer

Heating Natural Gas MultiZone

Cooling None

Utilities Master Meter(s)

Roof Metal

Construction Materials Metal

Year Built 1983

Electric 3 Phase 200 to 400 Amp Service

Stories 3

Topography Level

Location Shopping Center Nearby Mid Block Industrial Area Freeway Nearby Airport Nearby

Business Type Auto Wrecking Auto Service Auto Repair-Specialty Auto Parts Auto Dealer

Accessibility 0

County San Mateo

Property Type BusinessOpportunity

Building Features Storage Outside Sign Fenced Yard 8-10 Ft Ceilings 16-20 Ft Ceilings

Close Price 0.0

Status Active

Directions Woodside Road to Spring Street to address

City Redwood City

MLS Area Redwood City

Lot Size Square Feet 87120.0

Lease Type Net

Street Name Spring

Property Condition Yard Paved Yard Fenced Yard Accessible Interior-Good Exterior-Good

Lease Renewal Y/N N

Standard Status Active

Total Actual Rent 0

Interior

Walls Sheetrock Metal

Flooring Concrete Slab Carpet

Street Suffix Street

Exterior

Parking Features See Remarks Visitor Street Secured Garage Exclusive Commercial Vehicle Allowed

Lot Features Low Maintenance

Water Source Public

Total Parking 25.0

Foundation Details Concrete ConcreteGrid Slab

Building Area Total 16000.0

Lot Size Acres 2.0

Lot Size Source Assessor Auto-Fill

Road Frontage Type City Street

Internal Only

Street Number 1 2431

* Excluded Features

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Premier Property Group

Broker

maury@premier-propertygroup.com

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$72,777

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Monthly Principal & Interest: $72,777
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Redwood City, CA

Average List Price ^$4,441,700

Percent of Sale Price 59%

About Redwood City, CA

80,734 Population

7% Since 2002

^$83,523 Median Income

38.33 Median Age

34% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

295416 Elementary School

295437 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/7/2024	$10,950,000	-4.77%	Price Down
2/7/2024	$11,499,000		Listed Price

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2431 Spring Street, Redwood City, CA, 94063 is a Commercial Property for sale at $10,950,000 with 16,000 sqft and a lot size of 2. 2431 Spring Street is a studio with 0.0 baths and was built in 1983. The property's zip code is 94063 which is in Redwood City, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 5/28/2024.

Property information, real estate data and other informational content on this Site is provided in part by the Internet Data Exchange program of MetroList Services, Inc., a California corporation (“MetroList”).

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information.

Data is updated as of 5/28/2024.
CA DRE #02088790
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2431 Spring Street

Commercial Property for sale in Redwood City, CA

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