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28860778
28860779

702 E Santa Clara St, San Jose, CA 95112

AV
CA 01317493
Real Brokerage Technologies
Listed by Real Brokerage Technologies
$1,900,000
179 days on market
Updated 2 days ago

702 E Santa Clara St

Details
APN 467-28-012 02
Property Type Retail, Office (+1)
Sub Type Convenience Store, Medical Office (+1)
Square Footage 7,836
Net Rentable (SqFt) 7,008
Units 8
Cap Rate 9.17%
NOI $174,228
Occupancy 90%
Tenancy Multi
Lease Type Gross
Price per SqFt $242
Class B
Year Renovated 2018
Buildings 1
Stories 2
Lot Size (SqFt) 8,960
Zoning C3
Tenant Credit No Credit Rating
Ground Lease No

Prime Downtown San Jose Opportunity Offering Strong Upside, and Redevelopment Prospects

Marketing description

•This property presents a unique opportunity for investors and developers alike, strategically located in the heart of Downtown San Jose. With a substantial building size of approximately 7,008 square feet and an ample lot size of 8,960 square feet, this property is primed for a variety of commercial uses or potential redevelopment projects. The C3 zoning allows for flexible commercial use, making it ideal for retail, office, or mixed-use development.

Location Highlights
Prime Downtown Location: Situated in a rapidly growing area of San Jose, the property benefits from high foot traffic and proximity to major transportation hubs.
Economic Hub: San Jose, being a pivotal part of Silicon Valley, offers robust economic activity, drawing businesses and investors from around the world.
Community and Amenities: The surrounding neighborhood features a blend of residential, retail, and business establishments, contributing to a vibrant local community.
Property Features
Building Specifications: The building spans approximately 7,008 square feet, offering substantial space for various commercial purposes.
Land Area: The lot measures approximately 8,960 square feet, providing ample room for parking or future expansion.
Zoning: The C3 zoning designation permits a wide range of commercial activities, offering versatility for future use.
Utilities: The property is fully serviced with all necessary utilities, ensuring immediate usability for commercial operations.
Investment Potential
The 702 E Santa Clara Street property represents a significant investment opportunity in one of the most dynamic markets in California. Whether the goal is to maintain the existing structure or pursue a redevelopment project, this property offers flexibility and substantial upside potential. The location, coupled with favorable zoning, positions this property as a prime candidate for capital appreciation and income generation.

Investment highlights

•This property presents a unique opportunity for investors and developers alike, strategically located in the heart of Downtown San Jose. With a substantial building size of approximately 7,008 square feet and an ample lot size of 8,960 square feet, this property is primed for a variety of commercial uses or potential redevelopment projects. The C3 zoning allows for flexible commercial use, making it ideal for retail, office, or mixed-use development.

Location Highlights
Prime Downtown Location: Situated in a rapidly growing area of San Jose, the property benefits from high foot traffic and proximity to major transportation hubs.
Economic Hub: San Jose, being a pivotal part of Silicon Valley, offers robust economic activity, drawing businesses and investors from around the world.
Community and Amenities: The surrounding neighborhood features a blend of residential, retail, and business establishments, contributing to a vibrant local community.
Property Features
Building Specifications: The building spans approximately 7,008 square feet, offering substantial space for various commercial purposes.
Land Area: The lot measures approximately 8,960 square feet, providing ample room for parking or future expansion.
Zoning: The C3 zoning designation permits a wide range of commercial activities, offering versatility for future use.
Utilities: The property is fully serviced with all necessary utilities, ensuring immediate usability for commercial operations.
Investment Potential
The 702 E Santa Clara Street property represents a significant investment opportunity in one of the most dynamic markets in California. Whether the goal is to maintain the existing structure or pursue a redevelopment project, this property offers flexibility and substantial upside potential. The location, coupled with favorable zoning, positions this property as a prime candidate for capital appreciation and income generation.

Listing Contacts

AV
CA 01317493
Real Brokerage Technologies
Listed by Real Brokerage Technologies

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$174,228.00
$14,519.00/mo

Valuation Metrics

0
DSCR
9.17%
Cap Rate
9.17%
ROI

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Additional Information

Name
Andy Vong
License
01317493
Brokerage Phone
4089609225
Title
CA
Brokerage Address
97 Boston Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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