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1982 Alum Rock Ave
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1982 Alum Rock Ave
4,629 SF 50% Leased Retail Building San Jose, CA 95116 $1,851,520 CAD ($400 CAD/SF) 11.29% Cap Rate
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INVESTMENT HIGHLIGHTS
- Rare Mixed-Use Opportunity: Two commercial/retail units in front and three residential units in the back.
- Excellent Transportation Access: Easy access to Freeways 101, 680, 280, and 880; bus station at your doorstep; future BART station nearby.
- Development Potential: Part of a growing urban area with immense redevelopment possibilities.
- Prime Location: Near downtown San Jose and the future Google Campus.
- Strategic Location: Located in the Alum Rock Urban Village redevelopment area, allowing for both residential and commercial redevelopment.
- Close to Major Amenities: Positioned in a vibrant area with access to shops, services, and more.
EXECUTIVE SUMMARY
Prime Mixed-Use Property Near Future Google Campus – A Rare Opportunity!
This exceptional mixed-use property is ideally located near the heart of downtown San Jose and the upcoming Google Campus, offering a fantastic investment opportunity with high potential returns. The property features two commercial/retail units at the front, providing ample street visibility, and three well-maintained residential units at the back, ensuring a strong, diversified income stream. With its high cap rate and steady rental income, this property is a smart choice for investors.
Situated in the thriving Alum Rock Urban Village redevelopment area, this property is approved for both residential and commercial redevelopment, making it an attractive option for future growth and development. Its location offers unbeatable convenience, with easy access to major highways (101, 680, 280, and 880) and a bus station right in front of the building. The planned BART station is also nearby, enhancing future connectivity.
With its prime location, excellent transportation access, and tremendous redevelopment potential, this property represents a rare and highly lucrative investment opportunity. Don’t miss out on this gem!
This exceptional mixed-use property is ideally located near the heart of downtown San Jose and the upcoming Google Campus, offering a fantastic investment opportunity with high potential returns. The property features two commercial/retail units at the front, providing ample street visibility, and three well-maintained residential units at the back, ensuring a strong, diversified income stream. With its high cap rate and steady rental income, this property is a smart choice for investors.
Situated in the thriving Alum Rock Urban Village redevelopment area, this property is approved for both residential and commercial redevelopment, making it an attractive option for future growth and development. Its location offers unbeatable convenience, with easy access to major highways (101, 680, 280, and 880) and a bus station right in front of the building. The planned BART station is also nearby, enhancing future connectivity.
With its prime location, excellent transportation access, and tremendous redevelopment potential, this property represents a rare and highly lucrative investment opportunity. Don’t miss out on this gem!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,629 SF
Building Class
C
Year Built
1939
Price
$1,851,520 CAD
Price Per SF
$400 CAD
Cap Rate
11.29%
NOI
$209,096 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.82
Lot Size
0.13 AC
Zoning
C3H - Residential and commercial redevelopment.
Frontage
Walk Score®
Very Walkable (81)
NEARBY MAJOR RETAILERS
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PROPERTY TAXES
Parcel Number | 481-19-012 | Improvements Assessment | $929,054 CAD |
Land Assessment | $548,074 CAD | Total Assessment | $1,477,128 CAD |
PROPERTY TAXES
Parcel Number
481-19-012
Land Assessment
$548,074 CAD
Improvements Assessment
$929,054 CAD
Total Assessment
$1,477,128 CAD
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1982 Alum Rock Ave
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