Description
Attention Developers:This exceptional property presents a rare & highly sought-after development opportunity.Boasting a contiguous 17,131sf parcel zoned RM;the site features superior street frontage & a range of site planning options suitable for various residential redevelopment opportunities,including (7) townhomes w/the potential for an additional (6),a multi-plex,lot sub-division,and/or affordable housing.The City of SJ has ratified the subdivision potential,confirmed by a letter.Adding to its appeal,the property has two existing water meters & PGE on-site,offering ease & convenience for any potential project.The site currently has a 2bed/2bath,1358 sf home w/a month-to-month renter & a 1bed/1-bath unit available for rental purposes.This provides an ideal opportunity for investors to generate income while completing the permit process.This exceptional development opportunity is prime for any investor/developer looking to capitalize on the robust residential real estate market in SJ
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 7:19 AM (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 7:19 AM (UTC)
Listing Agent: Elizabeth Hawkins
Listing Office: Navarro & Associates Realty
