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$ 6,500,000
Est. payment | /mo
0.67 Acres Lot
$ 6,500,000
Est. payment | /mo
0.67 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81992062
HOA Y/N No
Year Built 1936
Annual Tax Amount $82,271
Lot Size 0.670 Acres
Property Description
22,551 SqFt Office Building Conversion Opportunity to Residential: Live/Work, Apartments, Co-Living, or Condos up to 24 units | 270,833 per unit. Conveniently located less than a 10-minute drive from San Jose Mineta International Airport and Santa Clara Square Marketplace, this space resides within a thriving community with nearby amenities and parks. Recent upgrades to the building include a new roof and a 36 kW photovoltaic solar system, complemented by Silicon Valley Power, which ensures low energy costs. The owner/user tenant can occupy approximately 15,000 sq ft or the entire second floor. Rents and home prices continue to climb, with demand for new townhomes, apartments, and condos evident in an ever-growing Silicon Valley. The property is designated for medium-density residential use in the General Plan, allowing for 20-36 DU/acre. Per Planning department conversations, you can show plans to get the building up to residential code and then convert the building for residential use. Buyers are to verify current zoning/building requirements/restrictions with the City of Santa Clara building department.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning ML
Interior
Cooling Central Air
Fireplace No
Exterior
Roof Type Composition
Present Use Commercial
Total Parking Spaces 45
Building
Story 2
Water Public
Others
Tax ID 22429021
Listed by Stephen Thaddeus Wawryk • KW Bay Area Estates