Description
"Attention Developers: This exceptional property presents a rare and highly sought-after development opportunity for investors and developers. Boasting a contiguous 17,131sf parcel zoned RM; the site features superior street frontage and a range of site planning options suitable for various residential redevelopment opportunities, including (7) townhomes with the potential for an additional (6), a multi-plex, lot sub-division, and/or affordable housing. The City of San Jose has already ratified the subdivision potential, confirmed by a letter. Property has two existing water meters and PGE on-site, offering ease and convenience for any potential project. The site currently has a 2-bedroom/2-bathroom, 1358 square-foot home with a month-to-month renter and an additional 1-bedroom/1-bathroom unit available for rental purposes. This feature provides an ideal opportunity for investors to generate income while completing the permit process. lucrative and exceptional development opportunity.
Location
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$87,000,000
8
14
21,800 Sq ft
ACTIVE
MLS# 21-101899
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"All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 3rd June, 2023 2:19 PM (UTC)
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 3rd June, 2023 2:19 PM (UTC)
Listing Agent: Don Perry
Listing Office: Coldwell Banker Realty
