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Investment Highlights

  • Gateway main street redevelopment district.
  • Transit-oriented location
  • Mixed-Use development potential
  • In-place retail tenants with strong rental income

Executive Summary

134-166 S. Main Street presents a rare and compelling development opportunity in the heart of Milpitas’ emerging downtown district. The offering consists of four contiguous parcels totaling approximately 1.81 acres, creating a highly functional infill development site in one of the most strategically positioned areas of the city.
Located within the City’s designated Entertainment District, the property sits at the center of Milpitas’ vision for its future downtown core. City planning initiatives actively encourage higher-density residential and mixed-use development in this area, positioning the site for the potential development of up to 153 residential dwellings.
The property’s prominent location along South Main Street places it within walking distance of planned civic improvements, future mixed-use projects, restaurants, retail, and entertainment venues envisioned as part of the City’s downtown transformation. The Entertainment District designation is intended to foster a vibrant, pedestrian-oriented environment supported by residential density, nightlife, and cultural activity—creating strong long-term housing demand.
In addition to its downtown positioning, the site benefits from excellent regional connectivity with convenient access to Interstate 680, Interstate 880, and State Route 237, as well as nearby BART and VTA light rail service connecting residents to major Silicon Valley employment centers.

Property Facts

Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Mixed Use
  • Multifamily
Total Lot Size 1.81 AC
Zoning XR-MU - Zoning designation in Milpitas is part of a broader effort to transform industrial areas into vibrant pedestrian-oriented, mixed use neighborhoods.

1 Lot Available

Lot

Lot Size 1.81 AC

City planning initiatives actively encourage higher-density residential and mixed-use development in this area, positioning the site for the potential development of up to 153 residential dwellings.

Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
  • Listing ID: 39879792

  • Date on Market: 3/23/2026

  • Last Updated:

  • Address: 166 S Main St, Milpitas, CA 95035

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