702 E Santa Clara St | San Jose, CA 95112
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702 E Santa Clara St
San Jose, CA 95112
Retail Property For Sale
Investment Highlights
- The redevelopment opportunity property with the lot size of approximately 9K sf with approximate 7k sf retail/office building located in downtown San
Executive Summary
We are please to present the exciting opportunity of owning a prime redevelopment property in downtown San Jose! Currently used as a mixed-use property with an existing gross rent income of $154,800 annually, the subject property offers a promising opportunity for future development. The property is perfect for a future office, retail, or mixed-use redevelopment project that can maximize the potential of the property and the area.
The property boasts a lot size of approximately 9K sf with an approximate 7K sf retail/office building. Situated in a high-traffic area, the property benefits from its location at the intersection of Santa Clara Street and 15th street, which ensures maximum visibility and exposure for your business.
The property boasts a lot size of approximately 9K sf with an approximate 7K sf retail/office building. Situated in a high-traffic area, the property benefits from its location at the intersection of Santa Clara Street and 15th street, which ensures maximum visibility and exposure for your business.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,836 SF
Building Class
C
Year Built
1951
Price
$2,500,000
Price Per SF
$319
Cap Rate
5.57%
NOI
$139,368
Percent Leased
70%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.86
Lot Size
0.21 AC
Zoning
CG - CG Commercial General District
Parking
10 Spaces (1.27 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Skylights
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 467-28-012 | Improvements Assessment | $109,363 |
| Land Assessment | $1,749,832 | Total Assessment | $1,859,195 |
PROPERTY TAXES
Parcel Number
467-28-012
Land Assessment
$1,749,832
Improvements Assessment
$109,363
Total Assessment
$1,859,195
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