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VALUE ADD MIXED-USE INVESTMENT/OWNER USER 1891 W San Carlos St 6,934 SF Retail Building San Jose, CA 95128 $1,645,000 ($237.24/SF)
Executive Summary
ATTRACTIVELY PRICED VALUE-ADD OPPORTUNITY
• Offered at $1,645,000 ($237/SF).
• Opportunity to acquire a mixed-use property at an attractive price with significant value-add potential.
FLEXIBLE MIXED-USE PROPERTY
• ±6,934 SF two-story mixed-use building.
• Two separate ground-floor commercial storefronts.
• Four second-floor residential apartment units.
• Rear on-site parking lot serving the residential units.
• Situated on a ±6,331 SF parcel.
VALUE-ADD UPSIDE
• All tenants currently occupy the property on a month-to-month basis with no written leases in place.
• Potential opportunity to deliver the units vacant, subject to an agreement with the existing occupants.
• Opportunity to renovate units and lease at current market rents.
OWNER-USER OPPORTUNITY
• Occupy one or both commercial storefronts.
• Rental income from the four apartment units can help offset ownership costs.
• Ideal opportunity for businesses seeking an investment while occupying the 2-ground floor commercial spaces.
PRIME SAN JOSE LOCATION
• Frontage along W. San Carlos Street.
• Located within San Jose's MUC (Mixed Use Commercial) Zoning District.
• Located within the W. San Carlos Street (West) Urban Village Plan.
• Excellent access to Downtown San Jose, Santana Row, Valley Fair, and major transportation corridors.
• Offered at $1,645,000 ($237/SF).
• Opportunity to acquire a mixed-use property at an attractive price with significant value-add potential.
FLEXIBLE MIXED-USE PROPERTY
• ±6,934 SF two-story mixed-use building.
• Two separate ground-floor commercial storefronts.
• Four second-floor residential apartment units.
• Rear on-site parking lot serving the residential units.
• Situated on a ±6,331 SF parcel.
VALUE-ADD UPSIDE
• All tenants currently occupy the property on a month-to-month basis with no written leases in place.
• Potential opportunity to deliver the units vacant, subject to an agreement with the existing occupants.
• Opportunity to renovate units and lease at current market rents.
OWNER-USER OPPORTUNITY
• Occupy one or both commercial storefronts.
• Rental income from the four apartment units can help offset ownership costs.
• Ideal opportunity for businesses seeking an investment while occupying the 2-ground floor commercial spaces.
PRIME SAN JOSE LOCATION
• Frontage along W. San Carlos Street.
• Located within San Jose's MUC (Mixed Use Commercial) Zoning District.
• Located within the W. San Carlos Street (West) Urban Village Plan.
• Excellent access to Downtown San Jose, Santana Row, Valley Fair, and major transportation corridors.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,934 SF
Building Class
C
Year Built
1925
Price
$1,645,000
Price Per SF
$237.24
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.10
Lot Size
0.15 AC
Zoning
MUC - Mixed Use Commercial
Frontage
56’ on W San Carlos
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
60/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 274-16-053 | Improvements Assessment | $76,553 |
| Land Assessment | $1,782,640 | Total Assessment | $1,859,193 |
Property Taxes
Parcel Number
274-16-053
Land Assessment
$1,782,640
Improvements Assessment
$76,553
Total Assessment
$1,859,193
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VALUE ADD MIXED-USE INVESTMENT/OWNER USER | 1891 W San Carlos St
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