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Executive Summary

Long term 20+ years ground lease plus option to extend the lease term. Property is currently leased to Burger Pit Restaurant, lease expires 4/30/24 with no option to extend.

Property Facts

Price $4,050,000
Sale Type Investment
Sale Conditions
Ground Lease (Leasehold)
  • Ground Lease (Leased Fee)
  • Deferred Maintenance
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 0.67 AC
Zoning CP - Commerical

1 Lot Available

Lot

Price $4,050,000
Price Per AC $6,044,776.12
Lot Size 0.67 AC

Description

Existing 3,542 SF freestanding restaurant building constructed in 1963 in need of updating. The subject property is located on Blossom Hill Road just west of Almaden Expressway in San Jose.

Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
  • Listing ID: 30479672

  • Date on Market: 12/29/2023

  • Last Updated:

  • Address: 1349 Blossom Hill Rd, San Jose, CA 95118

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