Retail Space / California / Redwood City / 94063 / 2950 Middlefield Road

2950 Middlefield Road

Redwood City, CA 94063

Listing ID: 250310

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$1,800,000

For Sale

Property Type Retail for Sale : Shopping Center
Lot Size Acres 0.130
Building Sq Ft 3,055
Building Price per Sq Ft $589.20
Land Sq Ft 5,662
Land Price per Sq Ft $317.91

2950 Middlefield Road | for Sale | Thumbnail 2

2950 Middlefield Road | for Sale | Thumbnail 3

Property Highlights

• Both tenants are essential businesses and are paying rent

• Rapidly-growing pocket of Redwood City

• Stable tenants with a long operating history in the center

• 80 of frontage along Middlefield Road

• Core Peninsula location

• Below-market rents

Description

This rare Redwood City three-unit retail center built in 1975 is fully occupied by two tenants, both of them cornerstones in the community for nearly 40 years. The 3,055 square feet building sits on a 5,270 square feet lot. A popular local restaurant, El Guanaco, occupies two of the spaces (totaling 1,950 sq. ft.) and Martinez and Walker Accounting occupies the remaining unit (approx. 1,105 sq. ft.).

Attachments & Files

2020oml-V05-OHt.pdf

Points of Interest & Demographic Radii

Points of Interest

Demographic Radii

POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Sunnyvale History of Retail Space for Sale

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Listing Demographics for 2950 Middlefield Road Redwood City, CA 94063

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		29,657	136,597	274,531
Population Median Age		35	38	37
Population by Age	0-9 Yrs	4129 (13%)	17818 (13%)	34567 (12%)
	10-19 Yrs	4165 (14%)	16442 (12%)	36815 (13%)
	20-29 Yrs	4333 (14%)	18550 (13%)	41097 (14%)
	30-39 Yrs	5275 (17%)	21879 (16%)	39292 (14%)
	40-49 Yrs	3835 (12%)	18663 (13%)	36797 (13%)
	50-59 Yrs	3482 (11%)	17564 (12%)	34448 (12%)
	60-69 Yrs	2426 (8%)	13315 (9%)	25714 (9%)
	70+ Yrs	2012 (6%)	12367 (9%)	25802 (9%)

Median HH Income		$84,004	$121,043	$127,407
Total Household Income	< 24K	1237 (13%)	4872 (10%)	9863 (10%)
	25-49K	1557 (17%)	5670 (12%)	10654 (11%)
	50-74K	1443 (15%)	5197 (11%)	9825 (10%)
	75-99K	829 (9%)	4101 (8%)	7950 (8%)
	100-199K	2335 (25%)	12197 (26%)	23282 (25%)
	200K+	1670 (18%)	14694 (31%)	31349 (33%)

Highest Education Level	No Diploma	5567	12322	20698
	Diploma or GED	4067	13617	23026
	Some College	3026	14124	23852
	Assoc. Degree	933	4839	8848
	Bachelors Degree	3151	23618	48023
	Higher Degree	3027	25759	58753

Total Housing Units		9,542	49,452	98,810
--Owner-Occupied		4,019	24,628	51,501
--Renter-Occupied		5,052	22,103	41,421
Owner-Occupied Values	< 100K	105	511	1035
	100-199K	53	312	620
	200-299K	74	255	479
	300-399K	62	225	491
	400-499K	55	255	563
	500K+	3671	23069	48313

Total Working Age Population		22,915	108,134	219,203
In Work Force		16,242	74,563	146,395
Not In Work Force		6,672	33,571	72,808
Workforce Employed		15,802	72,193	140,979
Workforce Unemployed		440	2,360	5,357
Civlian Workforce		16,242	74,553	146,336
Military Workforce		0	10	60

Total Households		9,072	46,731	92,923
Family Households		6,469	31,427	62,130
Non-Family Households		2,603	15,304	30,793
Married Couple		4,609	24,834	50,114
Other Family		1,860	6,593	12,016
Married w/Child		2,169	11,602	24,032
Single Male w/Child		234	969	1,611
Single Female w/Child		690	2,092	4,207

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
California	33,871,648	+10	37,253,956	+9	40,467,295	+8	43,631,295
Alameda County	1,443,741	+5	1,510,271	+12	1,696,752	+10	1,861,027
San Mateo County	707,161	+2	718,451	+9	785,650	+6	833,868
Santa Clara County	1,682,585	+6	1,781,642	+12	1,996,394	+10	2,194,079

Total Working Age Population:

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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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