Vacant Land MIXED USE R3B Zoned
0.45 Acres of Commercial Land Offered at $2,180,000 USD in Milpitas, CA 95035
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,180,000
- Property Type
-
Land
Listing Contacts
Jennifer Li
Verified Profile
- Property Info
Property Overview
• Located in the heart of Silicon Valley and within Milpitas Midtown Specific Plan (high priority)
• Next to Milpitas main Library and Valley Medical Center
• Lots of street parking
• Possible to build 4 units, 3-story, Max. building in L shape up to ~11,330 SF
• Possible professional clinic office (clinic will require 1 parking space for every 225 SF of tenant space)
• Possible 1st floor retails, showroom, restaurants or OEM/branch/sales office and 2nd and 3rd floor are perfectly for big family or 3 individual condos at buyer’s preferred ratio for mixed use.
• Possible for all kind of classrooms
• Just minutes away from downtown, FWY 880/237/680
• Very convenient location: ~2 miles to Great Mall, Milpitas Transit Center, Trader’s Joe, Safeway, Smart & Final, Ranch 99, restaurants, Walmart, schools, trails, and parks
• Strong long-term economy: Milpitas is home to a strong economy, with a low unemployment rate and a high median income. The city is a major center for high-tech industry, and is home to many Fortune 500 companies.
• Diverse population: Milpitas is a diverse city, with a large Asian community. This diversity makes Milpitas a vibrant and exciting place to live and work.
• Excellent schools: Milpitas has a number of excellent schools, including public schools, private schools, and charter schools. This makes Milpitas a great place to raise a family.
• The first floor of the property offers a versatile space that can be used for a range of commercial purposes such as retail stores, showrooms, classrooms, restaurants, or offices for original equipment manufacturers (OEMs), branches, or sales offices. The second and third floors are ideally suited for residential use and can be configured as a large family home or three separate condominiums, depending on the buyer's preference for mixed use. The space can be used for various purposes, including beauty salons, nail shops, after-school classes, convenience stores, pizza shops for fast pickup and delivery, or kids karate classes, making it a versatile investment opportunity.
• Next to Milpitas main Library and Valley Medical Center
• Lots of street parking
• Possible to build 4 units, 3-story, Max. building in L shape up to ~11,330 SF
• Possible professional clinic office (clinic will require 1 parking space for every 225 SF of tenant space)
• Possible 1st floor retails, showroom, restaurants or OEM/branch/sales office and 2nd and 3rd floor are perfectly for big family or 3 individual condos at buyer’s preferred ratio for mixed use.
• Possible for all kind of classrooms
• Just minutes away from downtown, FWY 880/237/680
• Very convenient location: ~2 miles to Great Mall, Milpitas Transit Center, Trader’s Joe, Safeway, Smart & Final, Ranch 99, restaurants, Walmart, schools, trails, and parks
• Strong long-term economy: Milpitas is home to a strong economy, with a low unemployment rate and a high median income. The city is a major center for high-tech industry, and is home to many Fortune 500 companies.
• Diverse population: Milpitas is a diverse city, with a large Asian community. This diversity makes Milpitas a vibrant and exciting place to live and work.
• Excellent schools: Milpitas has a number of excellent schools, including public schools, private schools, and charter schools. This makes Milpitas a great place to raise a family.
• The first floor of the property offers a versatile space that can be used for a range of commercial purposes such as retail stores, showrooms, classrooms, restaurants, or offices for original equipment manufacturers (OEMs), branches, or sales offices. The second and third floors are ideally suited for residential use and can be configured as a large family home or three separate condominiums, depending on the buyer's preference for mixed use. The space can be used for various purposes, including beauty salons, nail shops, after-school classes, convenience stores, pizza shops for fast pickup and delivery, or kids karate classes, making it a versatile investment opportunity.
Property Details
- Property Subtype
- Commercial
Highlights
- Very Rare - Mixed Use - Located in the heart of Silicon Valley
- Lot: 15107 SF- possible 3-story - 4 units - Max. buildable: 11330 SF
- perfect for showroom/sales/branch/professional office/clinic/classrooms/condos
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