Prime Investment Opportunity *Discover the untapped potential of this expansive 13,800 sq. ft. lot located in the heart of Redwood City! This property features an existing 1,340 sq. ft. single-family home with R2 zoning, offering incredible flexibility for developers, investors, or homeowners looking to maximize value.Potential Key Development Opportunities:1. Lot Split Potential: Subdivide the property to create two separate lots: Retain the existing home on a 5,000 sq. ft. lot. Create a new 8,800 sq. ft. flag lot, accessible by a 20-foot-wide private road, perfect for building a new custom home or selling separately. 2. Multi-Unit Development potential: Explore the possibility of entitling the land for up to six-units residence, leveraging the R2 zoning.Located in a highly sought-after area minutes away from vibrant downtown Redwood City, parks, schools, and easy access to major highways, making it ideal for modern living and future growth. Whether you’re a developer looking for your next project or a homeowner with a vision, 144 Central Ave offers a rare chance to shape the future of this prime Redwood City property. Buyers to do their own due diligence for all potential developments with the City of the Redwood City.
Property Details
Price:
$2,500,000
MLS #:
ML81984315
Status:
Pending
Beds:
3
Baths:
1
Address:
144 Central Avenue
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
699notdefined
City:
Redwood City
Listed Date:
Oct 18, 2024
State:
CA
Finished Sq Ft:
1,340
ZIP:
94061
Lot Size:
13,800 sqft / 0.32 acres (approx)
Year Built:
1925
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Schools
Interior
Cooling
None
Exterior
Garage Spaces
2.00
Parking Spots
2.00
Roof
Shingle
Sewer
Public Sewer
Stories Total
1
Water Source
Public
Financial
Map
Community
- Address144 Central Avenue Redwood City CA
- Area699 – Not Defined
- CityRedwood City
- CountySan Mateo
- Zip Code94061
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Courtesy of Realty World Dominion. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
144 Central Avenue
Redwood City, CA
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