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- LoopNet Team
199 Bassett St
San Jose, CA 95110
Land For Sale
·
0.77 AC
Investment Highlights
- Premier Downtown Location
- 10 Blocks from Googles Downtown West Development (7.3 Million SF Campus)
- Area has Major Housing Imbalance - 11 Renters vying for Every Available Apartment
- Prior Planning Approval for High Density 18-Story Residential Tower
- 50 Other Major Development Projects in addition to Google
- Major Transportation Hub within Walking Distance
Property Facts
Description
Located in the heart of downtown San Jose. Just 10 blocks from SAP Arena and the Proposed Google Development and just 12 blocks from Diridon Station. Major shopping, restaurants, bars, entertainment venues and employment centers are all within walking distance. Diridon Station is the transportation hub for Cal Train, VTA, and AmTrak. San Jose Mineta International Airport is less than a 10 minute drive. City Hall and San Jose State University, are just 1 mile away. Easy access to Highway 87 and Interstate 280. Silicon Valley is a region in flux, but one that maintains strong economic underpinnings, despite layoffs, the pandemic and the dramatic increase in working from home. Silicon Valley has 9.6% of California's jobs and 13.1% of the state's Gross Domestic Product. As we hear recent reports about tech layoffs, note that Silicon Valley added 88,000 jobs from mid-2021 to mid-2022, a growth rate of 5% that outpaced the nation. And despite recent layoffs, the area added at least 22,000 more jobs through the end of 2022. Since 2010, Silicon Valley tech has grown about twice as fast as other sectors in the economy.
