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… Read More 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. Read Less
Listed by: Intero Real Estate Services, Carlos Padilla 408-887-6420
Listing Snapshot
Days Online
1
Last Updated
Property Type
Commercial Property
Square Ft.
5,500
Lot Size
0.28 Acres
Year Built
1928
MLS Number
ML82033242
30 Days Snapshot Of 95112
$1.14M
-2%
(avg) sold price
11
-21%
homes sold
25
+13%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 12289.00, Max Area Units: Square Feet, 7,000 yard square feet, Lot is 0.28211662075298 acres
Accessibility Features
None
Building
5,500 structure square feet, 5,500 net leasable square feet, 3,000 warehouse square feet, Built in 1928, 1 building, Age: 98, 2 minimum units in complex, Business type: Commercial
Cooling
Multi-Zone
Floors
Carpet, Concrete, Hardwood, Tile
Foundation
Concrete Slab
Garage
Parking Area
Water Features
Public
Heating
Electric, Forced Air
Interior Features
Minimum ceiling height: 16
Tenant Pays
Rent Only
Miscellaneous
2 tenants, Total expenses: 46478
Energy Saving
Thermostat Controller
Parking
20 parking spaces
Property
Zoning: CG
Roof
Composition
Security Features
Security Fence
Taxes
Annual tax amount: $30,978
Utilities
Public Utilities, Master Electric, Master Gas
Sewer
Sewer - Public
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than the office represented by this website are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. The broker providing this data believes the data to be correct, but advises interested parties to confirm all information before relying on it for a purchase decision. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings last updated on .
Confirm your time
Fill in your details and we will contact you to confirm a time.