247 E Saint John ST, San Jose, CA 95112

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List Price
$2,500,000
MLS#
ML82033242
Status
ACTIVE
Property Type
com
Listing Area
Central San Jose
Year Built
1928

Property Description

Premier opportunity to acquire a 100% fee simple stand-alone mixed-use asset located in the heart of Downtown San Jose. The Property is ideally situated just two blocks from San Jose City Hall, within walking distance of San José State University, approximately five minutes from Diridon Station, and in the epicenter of numerous active and proposed residential and commercial high-rise developments. The building is currently 100% occupied on short-term leases, offering immediate income with near-term flexibility. The ground-floor commercial light industrial unit is leased to an established HVAC business and features multiple private offices, ample open warehouse space, and roll-up doors, making it well-suited for a variety of owner-user or industrial service uses. The second-story residential unit consists of a spacious three-bedroom, one-bathroom apartment leased on a month-to-month basis. This tenancy structure presents a compelling opportunity for an owner-user to occupy all or a portion of the Propertyparticularly the ground floorwhile generating supplemental passive income from the residential unit above. Investors may also benefit from repositioning potential through rental adjustments or future redevelopment, subject to zoning and city approvals.

Additional Information

Age
98
Cooling System
Multi-Zone
Energy Features
Thermostat Controller
Floor Covering
Carpet, Concrete, Hardwood, Tile
Foundation
Concrete Slab
Garage Parking
Parking Area
Heating System
Electric, Forced Air
County
Santa Clara
Neighborhood
Central San Jose
Other Rooms
Laundry Room, Office Area, Storage
Other Utilities
Public Utilities
Present Use
Commercial, Residential
Roof
Composition
Sewer
Sewer - Public
Special Features
None
Zoning
CG

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Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Carlos Padilla from Intero Real Estate Services. 408-887-6420

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