Turnkey Mixed-Use Medical w/ In-Place Income 652-670 E Santa Clara St 6,825 SF 73% Leased Office Building Online Auction Sale San Jose, CA 95112




INVESTMENT HIGHLIGHTS
- This versatile mixed-use facility includes cash-flowing medical offices and residential apartments, and a turnkey dental space for a new owner/user.
- Conveniently accessible via the 101, the 280/680/880 Freeways, and the San Antonio Light Rail Station, the property offers quick and easy commutes.
- Supported by a 5-mile population exceeding 266,000, delivering $8.1B in total consumer spending in 2024, with $346M in healthcare spending.
- Unbeatable corner location sits near top amenities and is minutes from Downtown San Jose, San Jose State University, and Regional Medical Center.
- Available dental suite boasts upscale fixtures, a finished reception room, a patient care room with 4 operatories.
EXECUTIVE SUMMARY
Avison Young invites medical practitioners and investors to seize this turnkey mixed-use office and residential facility with an unparalleled location in San Jose’s Central Business District (CBD) at 652-670 E Santa Clara Street. The expertly maintained building offers five medical office suites and two residential units for a total of 6,825 square feet. The site’s general commercial zoning also facilitates a variety of office or retail uses.
652-670 E Santa Clara Street provides an income-producing investment with top-quality features. Delivered approximately 73% occupied by a diverse tenant mix, the building is home to an insurance agent and skin doctor, a laser skin care studio, and a medical services business. The current owner-operator will be vacating a 1,527-square-foot dental suite at closing, allowing a user in a similar business to immediately occupy the space while collecting solid going-in income from the existing tenancy. The suite boasts upscale fixtures across a large reception room, a private office, a large lab/ sterilization room, and four operatories, including two that are fully operational. The remaining two are fully plumbed and ready for chairs and equipment, allowing a new owner to convert them to operational rooms in just a day or two, expanding the number of patients a practice can serve each day. Other desirable features include 300 square feet of dedicated storage space, an on-site washer and dryer, and an equipment room for storing the vacuum, air compressor, and amalgam separator. The dental space can be easily converted to any other medical or professional office. The space is defined by its attractive Spanish-influenced exteriors, a four-car parking garage, and bright interiors with large windows and anti-scratch flooring.
652-670 E Santa Clara Street places businesses in a highly visible and easily accessible location just off the main commercial corridor of Downtown San Jose. More than 18,000 vehicles pass by the property each day, delivering robust brand exposure. The building is close to the 101, 280, 680, and 880 Freeways and the San Antonio Light Rail Station, providing convenient access for commuting employees or clients. The area provides national shopping and dining options nearby, including Whole Foods, Walgreens, Starbucks, Subway, Chipotle, 7-Eleven, and many more. An immense built-in customer base surrounds the property, driven by the nearby San Jose State University, with over 36,000 enrolled students and 3,500 staff, and a 5-mile population exceeding 266,000. The San Jose Regional Medical Center also sits just 10 minutes away, empowering synergistic healthcare businesses.
Sitting just five minutes from the city center, employees and clients at 652-670 E Santa Clara Street have easy access to the area’s best-in-class shopping, dining, nightlife, and recreation across Downtown San Jose. Situated in the heart of Silicon Valley, Downtown San Jose is the city’s cultural core. The neighborhood comprises a slew of museums, theaters, bars, restaurants, and shops. Among the many attractions in Downtown San Jose are Tech Interactive, the San Jose Center for the Performing Arts, the San Jose Convention Center, and the Children’s Discovery Museum of San Jose.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
MARKET ANALYTICS Click Here to Access
$99,999
Asset Value
$99,999
12 Month Sales Volume
9.9%
Market Cap Rate
9.9%
Market Sale Price/SF Change (YOY)
Market Sale Price per SF
San Jose - CA USA
Market Cap Rate
San Jose - CA USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
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Market Sale Price per SF Distribution
Market Cap Rate Distribution
PROPERTY FACTS
AMENITIES
- Reception
- Partitioned Offices
DEMOGRAPHICS
Demographics
ZONING
Zoning Code | C3 SJ (The property is zoned CG (Commercial General). Allowed uses include dental/medical uses, general office, business support, hotel/motel, general retail) |
PROPERTY TAXES
Parcel Number | 467-27-010 | Improvements Assessment | $845,878 |
Land Assessment | $706,999 | Total Assessment | $1,552,877 |
SALE ADVISORS
Lloyd Bakan, Principal
Mr. Bakan has been recognized as the #1 Sales Professional in the country, #1 Leasing Professional in the country three years in a row, the #1 Broker in California on three different occasions, and in 2009 was recognized as the #1 Global Producer for the entire company. His outstanding achievements in selling and leasing commercial real estate earned him the company’s most prestigious award, the Platinum Circle of Distinction Award, 12 years in a row. Lloyd was the only agent in all of Coldwell Banker Commercial to achieve this status.
As Principal of Avison Young, Lloyd continues to provide his clients with “best in class” service. Recognized as a consistent top producer in his industry, Lloyd prides himself on offering his clients global real estate knowledge, while providing highly personalized attention on a local level.
Wendy Leung, Vice President, CCIM
Her sales honors have included high achievement awards at MCI for Masters II sales & service, Rock the World sales, National Blitz Day sales contest, and service recognition at First Interstate Bank for the first “Going the Extra Mile” service award, “Rookie of the Year” for San Mateo County and “Broker of the Month” for the Peninsula office at Colliers International. In addition, she was the first female broker to earn her CCIM designation at Colliers International in the State of California.