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1090 Commercial st

0.27 - 0.57 Acre Commercial Land Lots Offered at $1,200,000 - $2,300,000 Per Lot in San Jose, CA 95112

Investment Highlights

  • Excellent opportunity for a user or developer to acquire a rare vacant heavy industrial site in the heart of San Jose
  • Permitted uses include manufacturing, distribution, and industrial services
  • Short distance from Berryessa / North San Jose BART and the San Jose Airport
  • Zoning designation of Heavy Industrial (HI)
  • Located between East San Jose and Downtown

Executive Summary

The Azucena Group of Marcus & Millichap is pleased to present the opportunity to acquire 1090 Commercial
Street, two adjacent vacant parcels located in the industrial center of San Jose. This is an opportunity for a user or developer to purchase rarely available vacant land with a Heavy Industrial zoning designation.
APN: 241-06-016 measures approximately 11,682 square feet, or 0.27 acres. The site is generally level and at street grade; all off-site improvements are in place. APN: 241-06-015 totals approximately 24,850 square feet, or 0.57 acres. The site is generally level and at street grade; all off-site improvements are in place. Prospective buyers will need to confirm availability of utility services to the site. The lots can be purchased either individually or together.
The zoning for the property is Heavy Industrial (HI). Permitted uses under the zoning designation are industrial use with nuisance or hazardous characteristics that need to be kept separate due to environmental effects and the general welfare of the public. Limited scale retail sales and services serving nearby businesses may be considered if they do not restrict the ability of the surrounding heavy industrial properties from being used to its fullest extent and are not dependent on customers from beyond normal walking distances.

Property Facts

Price $1,200,000 - $3,500,000
Sale Type Investment
No. Lots 2
Property Type Land
Property Subtype Commercial
Proposed Use Industrial
Total Lot Size 0.84 AC

2 Lots Available

Lot

Price $2,300,000
Price Per AC $4,035,088
Lot Size 0.57 AC

APN: 241-06-015 totals approximately 24,850 square feet, or 0.57 acres. The site is generally level and at street grade; all off-site improvements are in place. The zoning for the property is Heavy Industrial (HI).

Lot

Price $1,200,000
Price Per AC $4,444,444
Lot Size 0.27 AC

APN: 241-06-016 measures approximately 11,682 square feet, or 0.27 acres. The site is generally level and at street grade; all off-site improvements are in place. The zoning for the property is Heavy Industrial (HI).

Description

Permitted uses under the zoning designation are industrial use with nuisance or hazardous characteristics that need to be kept separate due to environmental effects and the general welfare of the public. Limited scale retail sales and services serving nearby businesses may be considered if they do not restrict the ability of the surrounding heavy industrial properties from being used to its fullest extent and are not dependent on customers from beyond normal walking distances. This property is being sold along side the adjustment lot, 1030 Commercial St. They can be purchased together or separate.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 241-06-015
  • 241-06-016
Land Assessment
$686,015
Improvements Assessment
$0
Total Assessment
$686,015

zoning

Zoning Code HI (Heavy Industrial)
HI (Heavy Industrial)
  • Listing ID: 29502278

  • Date on Market: 9/12/2023

  • Last Updated:

  • Address: 1090 Commercial st, San Jose, CA 95112

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