1224 Arroyo Avenue, San Carlos

Summary:  This project was a mixed-use development opportunity.  Client owned adjacent parcels and buildings in downtown San Carlos.  SRI was engaged by Owner to determine the feasibility of a consolidated development of the two parcels.  After analysis, the smaller of the two parcels was sold.

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Project Details

  • 993 Sq. Ft. Lot
  • Existing Building 990 Sq. Ft.
  • Zoning MU-DC (Mixed Use Downtown Core)

Services Performed by Stafford Realty, Inc.

  • Provided a preliminary conceptual design for the Owner so as to determine development feasibility and opportunity.
  • Developed a comprehensive pro-forma to determine the highest and best use of the property.
  • Listed and Sold Property, shattering the previous record for price per sq. ft. for a commercial  building.