135-139 Franklin Street is a 5,838 square foot building on a 10,489 square foot parcel. Built in 1979, the building is currently configured with two tenant suites, but can be configured for up to three tenants. The interior is built out with approximately 70% office space and 30% open flex space. The property is located within the Downtown Precise Plan Area in Redwood City and has a land use designation of Downtown General. This designation allows for a wide range of uses, including residential, office, and commercial. The existing improvements can be utilized in their current configuration, or the site could be redeveloped or converted to another permitted use. Redwood City has been going through a dramatic transformation over the last 13 years, particularly in the downtown area. Since the Downtown Precise Plan was approved in 2011, more than 2,000 residential units and 1.65 million square feet of office and commercial space have been developed in the downtown area. Additionally, 540 residential units and 716,000 square feet of office space are currently under construction, with another 1,787 residential units and 960,000 square feet of office space in the planning stages.