Listed by Kidder Mathews San Jose, Kidder Mathews
Unpriced
2500 Monterey Hwy
Details
APN 497-38-009,497-38-006,497-38-015,497-38-005
Property Type Retail, Land
Sub Type Commercial
Acreage 6.470
Zoning CIC - Combined Industrial/Commercial
Investment Type Redevelopment
Retail
Marketing description
The property is situated in the heart of Silicon Valley’s, central San Jose region.
It is home to some of the largest Tech Companies in the world. Employment
has exponentially grown faster than the creation of housing and due to that,
the housing crisis continues to compound itself, which in turn keeps value’s up
among new developments. This location is very desirable when you take into
consideration the post Covid hiring spree and the need to house those employees.
This prime location offers immediate proximity to key economic hubs like the
Downtown Core, freeways, the Diridon Station Area and The Plant (retail power
center), providing unparalleled access to transit infrastructure, and amenities.
Investment highlights
- Zoning presently resides within Santa Clara County for three of the four parcels and would require annexing into the city of San Jose for Residential use. At the time of Annexing a developer would seek the GPA – General Plan Amendment. From there the city would establish guidelines for FAR, density and height of structures.
- The three properties that fall under the jurisdiction of the county are, (005, 006, 009) the fourth property (015) falls under the jurisdiction of the city of San Jose. All four presently show a CIC - Combined Industrial/Commercial zoning overlay under the 2040 General plan.
Listing Contacts
Listed by Kidder Mathews San Jose, Kidder Mathews
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