1098 South 3rd Street, San Jose, CA 95112; Commercial For Sale; C-4 in Santa Clara County

1098 South 3rd Street, San Jose, CA 95112; Commercial For Sale; C-4 in Santa Clara County


1098 South 3rd Street, San Jose, CA 95112; Commercial For Sale; C-4 in Santa Clara County

11

098 South 3rd Street

1098 South 3rd Street, San Jose, CA 95112

Industrial Property For Sale

Price:
$3,950,000
Building Size:
59,550 SF
Price/SF:
$66.33
Property Type:
Industrial
Property Sub-type:
Manufacturing
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
5%
Occupancy:
100%
No. Stories:
1
Tenancy:
Multiple
Year Built:
1920
Clear Ceiling Height:
20 ft.
Lot Size:
1.36 AC
APN / Parcel ID:
472-15-023
Listing ID
18737845
Last Updated
44 days ago

Utilities

  • Fenced Yard
  • Electricity/Power

Description

Proposed residential development or income investment. Approx 1.36 Ac parcel of land located on the NE corner of Keyes & South 3rd Streets in San Jose. Site is improved with 5 housing various auto service businesses. Located within a Center Core Redevelopment Area under the Martha Gardens Specific Plan. Designated for High Density (20-50 DU/AC) land use. Property is 100% leased.

Exceptional site for development with over 363 feet of frontage on Keyes Street. Adjacent to the Brickyard Condominium Development. Income opportunity for investors and developers. Please do not disturb tenants. Steinberg Architects Preliminary Planning Submittal design available. Escrow with Chicago Title Company. Escrow #13-99804794-JJ.

Financial Summary

Major Tenant Information

Debt & Equity Information

  • Actual
  • 2013
  • $220,200
  • $220,200
  • $17,886
  • $202,314
  • $202,314