Description

Investment opportunity, many possibilities for developer. my grandmother built a convalescent hospital in 1959 and converted it to day care, licensed for 100 children, in 1971. the school is 3904sf with a paved parking area, a play area and off street parking. the .60 parcel, also includes a 1200sf, 3bd/1ba single family home with a fenced yard. built in 1920, this home is considered historical, a craftsman style home and can not be demolished. it can be remodeled and it has a full basement with access from outside, so much can be done. a 1200sqft adu would be allowed behind it. i had a virtual meeting with the city of campbell planning about the possibilities. the daycare is occupied with a tenant that pays $8000 a month, and the house has the potential to be at least $3500. that's $11,500 a month income while planning the development and applying for permits or lot splits. the property can easily be split into 2 lot, most likely 3 and very possibly 4 with one flag lot. if the lot is split they will all need to be residential and the daycare will no longer be allowed. a local developer may be able to do more! i have all the original plans and documents going back to the 1971.

• Property Type

  Residential

• County

  Santa Clara

• Style

  Residential

• AD ID

  46078077