7280 Marylinn - Milpitas mixed use vacant land
4-5 UNIT DEVELOPMENT OPPORTUNITY POSSIBLE COMMERCAIL RESIDENTIAL INDUSTRIAL DOCTOR OFFICE
Marketing description
· APN: 022-07-007
· Mixed USE
· Lot: 19,602 SF
· Max buildable area : 3-STORY, one story (4435SF per old building plan) but now building floor ratio almost X 3 = $13,305SF
· FRONTAGE: 281.42 LF
· Located in the heart of Silicon Valley and within Milpitas gateway Specific Plan (high priority)
· Next to Milpitas main Library and Valley Medical Center and lots of street parking space
· Possible to build 9units, 3-story, Max. building in L shape up to ~13,035SF
· Possible self-storage as adjacent next to industrial and re-zone
· Possible to subdivided R1 or high density residential condos development
· Possible professional clinic office
· Possible 1st floor retails, showroom, restaurants or OEM/branch/sales office and 2
· Possible for all kind of classrooms, pre-school or kindergarten
· Just minutes away from downtown, FWY 880/237/680
· Very convenient location: ~2 miles to Great Mall, Milpitas Transit Center, Trader’s Joe, Safeway, Smart & Final, Ranch 99, restaurants, Walmart, schools, trails, and parks
Strong long-term economy: Milpitas is home to a strong economy, with a low unemployment rate and a high median income. The city is a major center for high-tech industry, and is home to many Fortune 500 companies.
Diverse population: Milpitas is a diverse city. This diversity makes Milpitas a vibrant and exciting place to live and work.
Excellent schools: Milpitas has a number of excellent schools, including public schools, private schools, and charter schools. This makes Milpitas a great place to raise a family.
Investment highlights
This property is located in the heart of Silicon Valley and is part of the Milpitas gateway Specific Plan( https://www.milpitasmainstreet.org/) which is a high priority area for development. It is conveniently situated next to the Milpitas main library and Valley Medical Center. The property has the potential to build four units in an L-shaped configuration, with a maximum of three stories and over 10,000 square feet of space.
The property has various possible uses, including a professional clinic office, which would require one parking space for every 225 square feet of tenant space. Additionally, the first floor could be used for retail, showroom, restaurants, or OEM/branch/sales office, while the second and third floors could be used for big family or three individual condos at the buyer's preferred ratio for mixed use. The property is also suitable for all kinds of classrooms.
The location of the property is very convenient, just minutes away from downtown and the FWY 880/237/680. It is approximately two miles from the Great Mall, Milpitas Transit Center, Trader’s Joe, Safeway, Smart & Final, Ranch 99, restaurants, Walmart, schools, trails, and parks.
Milpitas is known for having a strong long-term economy with a low unemployment rate and high median income. It is a major center for high-tech industry and is home to many Fortune 500 companies. The city has a diverse population which makes it a vibrant and exciting place to live and work.
In terms of education, Milpitas has a number of excellent schools, including public, private, and charter schools, making it a great place to raise a family. Overall, this property is located in a highly desirable area and offers a range of potential uses, making it a great investment opportunity.
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