Description
Subject to city planner approval, the lot is good for 5-9 units but conservatively will likely be subdivided into 4-5 mixed-use units due to clearance limitations, with a frontage of 281.42 ft. buildable area is one story (4435 sf per old building plan in 90'), now w building floor ratio almost 3x, subject to meeting all requirements for setbacks, parking, open space, and building codes. current r3b zoning allows for a 3-story, 4+ units, with a maximum of 11,330 sf. single-family homes have sold for $828/sf, and condos for $667-1,000/sf, with sellers leaving lots of profit on the table. the property offers a mixed-use opportunity for potential buyers, with the option to use the 1st floor as a versatile commercial space adaptable to various needs such as medical clinics, retail stores, showrooms, classrooms, restaurants, offices, oems/branches/sales offices. the 2nd and 3rd floors are for residential use, offering the potential to create either a large family home or another 3-4 separate condos, at the buyer's preference. the flexible layout of the building presents multiple opportunities, such as a michelin stars restaurant with the 1st and 2nd floors for the restaurant and kitchen, and the 3rd floor for the chef's residence, also with an herb or vegetable garden in one place.
Property Type
LandCounty
Santa ClaraStyle
LandAD ID
43945988
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Property Details
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Interior Features
Bathroom Information
- Total Baths: 0
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
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Exterior Features
Fencing
- None
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.3468
- Lot Size Source: Assessor
- Lot Size Square Feet: 15107
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Listing Information
Listing Price Information
- Original List Price: 1,500,000
- Listing Contract Date: 2023-05-11
Lease Information
- Listing Agreement: Exclusive Right To Sell
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Taxes / Assessments
Tax Information
- Parcel Number: 02207007R
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 699 - Not Defined
- Directions: Cross Street: Abel
- Zoning: R3B MIXED USE
- Source Property Type: Land
- Area: 699 - Not Defined
Building and Construction
- Year Built Source: Vendor Enhanced
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BuyOwner last updated this listing 02/22/2025 @ 13:05
- MLS: ML81927870
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Land, with 0 bedrooms which is for sale, it has 0 sqft, 15,107 sized lot, and 0 parking. A comparable Land, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Milpitas , in zip code 95035, this Santa Clara County Land are nearby neighborhoods.