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Listed by Jennifer Li • Universal Network Group
$ 1,500,000
Est. payment /mo
Active
7280 Marylinn Drive Milpitas, CA 95035
15,107 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Lots and Land
Listing Status Active
Purchase Type For Sale
Square Footage 15,107 sqft
Price per Sqft $99
MLS Listing ID ML82005680
HOA Y/N No
Lot Size 0.347 Acres
Property Sub-Type Comm Lots and Land
Source Datashare MLSListings
Property 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, perfect for a foreign hightech supply chain office, 1st floor as office/showrooms and 2nd & 3rd floor residential condos.
Location
State CA
County Santa Clara
Interior
Fireplace No
Building
Lot Description Level
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