Large Yard | Owner-User or Developer
Industrial | 4,800 SqFt
Marketing description
The property located at 1194 Lick Avenue, San Jose, California (APN 434-05-078), is zoned Mixed-Use Neighborhood (MUN). This zoning district permits a range of development options, including 100% commercial projects, 100% residential projects, and mixed-use developments.
The parcel encompasses approximately 14,127 square feet. Under the MUN zoning designation, the maximum residential density is 30 dwelling units per acre. Based on these parameters, the base allowable density supports a 9-unit condominium development.
Should the developer elect to utilize California's State Density Bonus Law, the base density is rounded up to 10 units. In accordance with Senate Bills AB 2345 and AB 1287, a density bonus of up to 100% may be available, potentially increasing the total to 20 residential units, subject to meeting the applicable affordability requirements and other eligibility criteria.
Rezoning the property to a Planned Development (PD) district could provide additional flexibility and support higher densities, along with a broader array of development opportunities tailored to project-specific goals.
Investment highlights
- Prime Silicon Valley infill industrial land opportunity
- ±4,800 sf industrial building on 0.33 acres
- Excellent access to hwy 87, I-280, hwy 101 & Caltrain
- Flexible owner-user, investment or redevelopment opportunity
- Valuable excess land for yard, parking or future expansion
- Located in a rapidly transforming urban corridor
- Minutes from downtown San Jose and major employment centers
- Long-term appreciation potential driven by scarce industrial land supply
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