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$ 2,800,000
Est. payment | /mo
5,500 SqFt
$ 2,800,000
Est. payment | /mo
5,500 SqFt
Key Details
Property Type Commercial
Sub Type Commercial Property
Listing Status Active
Purchase Type For Sale
Square Footage 5,500 sqft
Price per Sqft $509
Lot Size 0.282 Acres
MLS Listing ID ML82033242
Property Description
Premier opportunity to acquire a 100% fee simple stand-alone mixed-use asset located in the heart of Downtown San Jose. The Property is ideally situated just two blocks from San Jose City Hall, within walking distance of San José State University, approximately five minutes from Diridon Station, and in the epicenter of numerous active and proposed residential and commercial high-rise developments. The building is currently 100% occupied on short-term leases, offering immediate income with near-term flexibility. The ground-floor commercial light industrial unit is leased to an established HVAC business and features multiple private offices, ample open warehouse space, and roll-up doors, making it well-suited for a variety of owner-user or industrial service uses. The second-story residential unit consists of a spacious three-bedroom, one-bathroom apartment leased on a month-to-month basis. This tenancy structure presents a compelling opportunity for an owner-user to occupy all or a portion of the Propertyparticularly the ground floorwhile generating supplemental passive income from the residential unit above. Investors may also benefit from repositioning potential through rental adjustments or future redevelopment, subject to zoning and city approvals.
Location
State CA
County Santa Clara
Area Central San Jose
Zoning CG
Rooms
Other Rooms Laundry Room, Office Area, Storage
Interior
Heating Electric, Forced Air
Cooling Multi-Zone
Flooring Carpet, Concrete, Hardwood, Tile
1-purchase type For Sale
Exterior
Garage Parking Area
Utilities Available Public Utilities
Roof Type Composition
Present Use Commercial,Residential
Building
Story 2
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Story 2
Others
Restrictions None
Tax ID 467-19-037
Security Features Security Fence
Special Sale Not Applicable
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Listed by Carlos Padilla of Intero Real Estate Services
Bought with Carlos Padilla of Intero Real Estate Services
Bought with Carlos Padilla of Intero Real Estate Services
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