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29448434
29448446

247 E St John St, San Jose, CA 95112

CP
CA CA 01342889
Intero Commercial Los Altos
JM
CA CA 01766468
AiCRE Partners
Listed by Intero Commercial Los Altos, AiCRE Partners
$2,500,000
128 days on market
Updated 6 days ago
Opportunity zone

247 E St John Street, San Jose, CA 95113

Details
APN 467-19-037
Property Type Industrial, Multifamily (+1)
Sub Type Apartment Building, Flex (+1)
Square Footage 5,845
Net Rentable (SqFt) 5,845
Units 2
Occupancy 24%
Tenancy Multi
Price per SqFt $428
Broker Co-Op Yes
Year Built 1928
Year Renovated 2023
Buildings 1
Lot Size (SqFt) 12,289
Investment Type Owner/User

Mixed Use Stand Alone Building with Fenced Yard

Marketing description

Premier opportunity to acquire a 100% fee simple interest in 247 E. St. John Street, San Jose, California (the “Property”), a 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 Property—particularly the ground floor—while generating supplemental passive income from the residential unit above. Investors may also benefit from repositioning potential through lease-up, rental adjustments, or future redevelopment, subject to zoning and city approvals.

The Property is offered on an “as-is, where-is” basis.

Investment highlights

  • Mixed-Use Investment Opportunity

  • Ground Floor light Industrial with roll up doors

  • 2nd Story Apartment (Student Housing)

  • Secured Fenced Yard

  • +/- 5,845 SF of Improvements

  • +/- 12,289 SF Parcel

  • Zoning: Light Industrial

  • GP: Mixed-Use Commercial

  • Built in 1928 (Historical Registry Inventory)

  • 3.8 miles (12 min) from the Airport

  • 1/3 mile (2 min) from San Jose State

Listing Contacts

CP
CA CA 01342889
Intero Commercial Los Altos
JM
CA CA 01766468
AiCRE Partners
Listed by Intero Commercial Los Altos, AiCRE Partners

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Additional Information

Name
Carlos Padilla
License
CA 01342889
Brokerage
Intero Real Estate
Brokerage Phone
408-887-6420
Name
Jim McArthur
License
CA 01766468
Brokerage
AiCRE Partners
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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