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Cory Chen

Cory Chen Real Estate

realcorychen@gmail.com +1(650) 888-9321

Listed by Hap Albers • Albers Real Estate Investment Company

$ 1,959,000

Est. payment -/mo

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Active

701 Redwood AVE Sand City, CA 93955

4,715 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial Property

Listing Status Active

Purchase Type For Sale

Square Footage 4,715 sqft

Price per Sqft $415

MLS Listing ID ML82001255

Year Built 1959

Lot Size 10,302 Sqft

Property Sub-Type Commercial Property

Property Description

Rarely available Sand City warehouse. The property is zoned MU - P or Planned Mix Use, which is a broad category. The property is leased until the Fall of 2026. The property owner has a potentially lucrative development option to construct 7-8 residential units on the site. The zoning code potentially will either allow multi-family apartments or for sale residential condominium / townhomes on the site. Conversations with MPWMD and the Sand City Planning Department conclude there is potentially water available for new development. This site can be a buy and hold today and then develop in the future.

Location

State CA

County Monterey

Area Sand City

Zoning MU - P Planned Mix Use

Interior

Heating Gas

Cooling None

Flooring Concrete

Exterior

Parking Features Off-Street Parking, Parking Area

Utilities Available Master Meter , Natural Gas

Roof Type Metal

Present Use Warehouse

Building

Story 1

Foundation Concrete Slab

Sewer Sewer Connected

Water Individual Water Meter

Level or Stories 1

Others

Restrictions None

Tax ID 011-193-020-000

Miscellaneous High Ceiling ,Skylight

Security Features Security Alarm

Special Listing Condition Not Applicable