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1770 1st - Home2 at Bay 101

2.93 Acres of Commercial Land Offered at $25,987,140 CAD in San Jose, CA 95112

Executive Summary

The sale offering includes a franchise agreement with Hilton Hotels for a Home2 Hotel. 171 rooms, 94,199 Square Feet, four stories. PD Zoning amendment approved by the City of San Jose Planning Director in February of 2022. 100% Construction Drawings will be completed in June of 2022. Sales price does not include the reimbursement for prepaid building permit fees of approximately $1,800,000, Traffic Impact Fee of $750,000 and construction, structural, MEP and Civil drawings estimated to be $1,000,000.

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Annual (CAD) Annual Per AC (CAD)
Taxes - -
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Taxes (CAD)
Annual -
Annual Per AC -
Operating Expenses (CAD)
Annual -
Annual Per AC -
Total Expenses (CAD)
Annual $99,999
Annual Per AC $9.99

Property Facts

Price $25,987,140 CAD
Sale Type Owner User
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Hospitality
Total Lot Size 2.93 AC
Cross Streets Metro Drive
Opportunity Zone Yes

1 Lot Available

Lot

Price $25,987,140 CAD
Price Per AC $8,869,331 CAD
Lot Size 2.93 AC

2.93 acre site within the 19 acre Bay 101 Technology Place, mixed use development, anchored by The Bay 101 Casino. All horizontal improvements are installed included wet and dry utilities, flat work, parking lot, landscaping etc.

Description

Home2 is directly adjacent to The Bay 101 Casino, which operates 24x7x365 and will serve as a demand generator for the hotel. Bay 101 Technology Place Occupants, including the Home2 will also have access to a 100 foot tall video display visible from both Northbound and Southbound traffic on US Highway 101 with nearly 200,000 cars per day driving by. The location is five minutes from Mineta San Jose International Airport (SJC) and directly adjacent to the Metro Light Rail Station . Excellent Freeway Access to US 101, Interstate 880 and Highway 87 into Downtown San Jose. Very close proximity to new offices for Google, Pay Pal, Apple, Kaiser and ten minutes to Downtown San Jose.

Bike Score ®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 235-01-029
  • 235-01-030
Land Assessment
$6,765,647 CAD (2023)
Improvements Assessment
$0 CAD (2023)
Total Assessment
$6,765,647 CAD (2023)

zoning

Zoning Code CG(PD)
CG(PD)
  • Listing ID: 25390857

  • Date on Market: 2022-04-03

  • Last Updated:

  • Address: 1770 1st, San Jose, CA 95112

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