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Browse More Listings in Retail For Sale, Milpitas, CA or California

Retail Property - Off Market

Price Reduction - Superb Investment Opportunity

1452 South Main Street, Milpitas, CA 95035

Price:
N/A
Building Size:
26,440 SF
Property Type:
Retail
Property Sub-type:
Vehicle Related
Additional Sub-types:
Warehouse
Multifamily (land)
Mid/High-Rise
Property Use Type:
Investment
Tenancy:
Multiple
Lot Size:
71,873 SF

Last Verified 7/15/2009 Listing ID 16278713

Highlights

Established auto repair facility with stable tenants and limited management responsibility
Easy access to three major freeways and superb transportation convenience near light rail station & future BART station
Close proximity to premier residential district and The Great Mall of America

Excellent visibility with 207 feet frontage on South Main Street in Midtown Milpitas
High density residential or mixed-use development opportunity in Transit Oriented Development area
Strong 1031 Exchange leased property in prime Silicon Valley location

Description

Established auto repair facility with stable tenants and limited management responsibility. Subject property offers an investor the opportunity to acquire a multi tenant automotive repair center. The property is zoned R4-TOD and is situated on 71,873 square feet of land with approximate 26,440 square feet of building area within three buildings. The property is leased to automotive related tenants. The site is located within the Transit Oriented Development (TOD) area; it is to encourage mixed-use residential and commercial uses and could be developed into high density residential with a transit overlay of up to 99 units. This Investment offers a prospective investor a stable and secure investment opportunity with the upside potential to either increase below market rents or redevelop as a high density residential complex. Contact City Planning for detail information. Extremely motivated seller.

Subject property is situated in the Midtown area at 1452 and 1474 South Main Street within reasonable walking distance to the Light Rail Station and The Great Mall. The property is located on the east side of South Main Street between Montague Expressway and Great Mall Parkway. The property features 207 feet street frontage on South Main Street and the area has a limited number of parcels zoned for automotive use. Three other apartment or condominium development projects on the same block have been approved by the City or built. The new master plan condominium community, Centria, developed by DR Horton is close proximity to subject property.

Map of 1452 South Main Street, Milpitas, CA 95035 (Santa Clara County)

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Created 6/13/2009

Additional Information for 1452 S Main Street, Milpitas, CA 95035

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 3 Historic Listings
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 1452 South Main Street, Milpitas, CA 95035

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ARBY'S
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Price Reduced - Superb Investment Opportunity
$4,590,000
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Price Reduced Superb Investment Opportunity
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Retail Property For Sale - Price Reduction - Superb Investment Opportunity

1452 South Main Street, Milpitas, CA, 95035