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$ 3,250,000
Est. payment | /mo
0.72 Acres Lot
$ 3,250,000
Est. payment | /mo
0.72 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82012297
HOA Y/N No
Lot Size 0.720 Acres
Acres 0.72
Property Sub-Type Unimproved Land
Property Description
Prime investment, rare opportunity in beautiful San Jose's Downtown to redevelop an approximately 0.72-acre parcel (APN 467-30-054) zoned R3. There are 2 remodeled units, along with a small warehouse that can also be rented out while drawings and the project are underway. Recently entitled Stamp Survey Map and Feasibility Study, and suggested SB 10 or SB 330 HOUSING PROJECT PRELIMINARY. * Possible plan of up to 21-30 units (city-approved density of 30 units/acre) to be built out through the city due to the housing shortage. SB 330 is a Faster Project Approval: The streamlined review process and limitations on new regulations can lead to faster project approvals, reducing the overall time it takes to get a housing development project off the ground. This property is a straightforward project. * Located in the San Jose Downtown area with easy access to numerous amenities, San Jose State University, A 1-minute walk to Santa Clara St, the surrounding area consists of retail businesses and public transportation within walking distance. Near Downtown San Jose, the 101 freeway, and Google's planned Downtown. Don't miss a great opportunity to help our beautiful city with its housing shortage and make a lifetime investment.
Location
State CA
County Santa Clara
Zoning R3
Interior
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Water Connected
View Y/N true
View City Lights
Building
Lot Description Level, Mostly Level
New Construction No
Schools
School District San Jose Unified
Others
Tax ID 46730054
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Listed by Ernesto Martinez • KW Silicon City
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "