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1982 Alum Rock Ave

4,629 SF 50% Leased Retail Building San Jose, CA 95116 $1,600,000 ($346/SF) 9.03% Cap Rate

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Investment Highlights

Rare Mixed-Use Opportunity: Two commercial/retail units in front and three residential units in the back.
Excellent Transportation Access: Easy access to Freeways 101, 680, 280, and 880; bus station at your doorstep; future BART station nearby.
Development Potential: Part of a growing urban area with immense redevelopment possibilities.

Prime Location: Near downtown San Jose and the future Google Campus.
Strategic Location: Located in the Alum Rock Urban Village redevelopment area, allowing for both residential and commercial redevelopment.
Close to Major Amenities: Positioned in a vibrant area with access to shops, services, and more.

Executive Summary

Prime Mixed-Use Property Near Future Google Campus – A Rare Opportunity!
This exceptional mixed-use property is ideally located near the heart of downtown San Jose and the upcoming Google Campus, offering a fantastic investment opportunity with high potential returns. The property features two commercial/retail units at the front, providing ample street visibility, and three well-maintained residential units at the back, ensuring a strong, diversified income stream. With its high cap rate and steady rental income, this property is a smart choice for investors.
Situated in the thriving Alum Rock Urban Village redevelopment area, this property is approved for both residential and commercial redevelopment, making it an attractive option for future growth and development. Its location offers unbeatable convenience, with easy access to major highways (101, 680, 280, and 880) and a bus station right in front of the building. The planned BART station is also nearby, enhancing future connectivity.
With its prime location, excellent transportation access, and tremendous redevelopment potential, this property represents a rare and highly lucrative investment opportunity. Don’t miss out on this gem!