2549 Middlefield Rd
Size: ±4,800 SqFt
Price: $2,000,000

The Azucena Group of Marcus & Millichap is pleased to present the opportunity to acquire 2549 Middlefield Road, an industrial property in the heart of Redwood City. This is an opportunity for an investor to enter the Peninsula market with a property that is currently being leased by a respected local business.

2549 Middlefield Road is a 4,800 square foot single-tenant industrial building situated on an 8,774 sqft lot in Redwood City, California. A small section of the building is improved with office space and majority is shop space. The building is served by two grade doors at the rear of the property. There is also a paved parking area at the rear of the site with space to accommodate six vehicles. The property is leased to Liebes Auto Body, a body shop that specializes in repairing luxury cars.

The zoning for the property is General Commercial and the general plan land use is Commercial Neighborhood. The existing auto body repair facility is operated under a use permit. Permitted uses under the zoning designation include: new car, boat, or trailer sales, rental and repair; parking lots and garages; sales or service establishments and sales of new merchandise and equipment; hotels, motels, nursing homes, rest homes, medical offices, or medical clinics with a gross floor area of less than 2,500 sqft; schools and studios for arts, trades, and professions not including industrial machinery or processes.

Located between San Francisco and San Jose, Redwood City is a sought-after destination for investors. It is consistently ranked as one of the top communities in the Bay Area to start a business and has received praise for being extremely business-friendly. Moreover, the city’s appeal is further enhanced by the presence of several tech giants, presenting this as an excellent investment opportunity.

Property Highlights

  • Excellent opportunity for an investor to enter the Redwood City market.

  • Single-tenant auto body repair facility that has been in business since 2014.

  • Property has a lobby, two offices, a bathroom and industrial space.

  • Liebes Auto Body specializes in the bodywork of European and luxury cars.

  • Industrial space includes a spray booth and vehicle lift.

  • Tenant is on a triple net lease (NNN).

  • Roof was replaced in 2019.

  • Located in the center of Redwood City.

  • Property is a short distance from Atherton and Menlo Park.

  • The site is easily accessible from Woodside Road (Highway 84) and El Camino Real.

  • US Highway 101 is less than one mile away from the property.