247 E St John St 5,500 SF Retail Building San Jose, CA 95112 $2,800,000 ($509.09/SF)

AiCRE Partners is pleased to offer the premier opportunity to acquire a 100% fee simple interest in 247 E. St. John Street, San Jose, California (the “Property”), a stand-alone mixed-use asset located in the heart of Downtown San Jose. The Property is ideally situated just two blocks from San Jose City Hall, within walking distance of San José State University, approximately five minutes from Diridon Station, and in the epicenter of numerous active and proposed residential and commercial high-rise developments.
The building is currently 100% occupied on short-term leases, offering immediate income with near-term flexibility. The ground-floor commercial light industrial unit is leased to an established HVAC business and features multiple private offices, ample open warehouse space, and roll-up doors, making it well-suited for a variety of owner-user or industrial service uses. The second- story residential unit consists of a spacious three-bedroom, one-bathroom apartment leased on a month-to-month basis.
This tenancy structure presents a compelling opportunity for an owner-user to occupy all or a portion of the Property—particularly the ground floor—while generating supplemental passive income from the residential unit above. Investors may also benefit from repositioning potential through lease-up, rental adjustments, or future redevelopment, subject to zoning and city approvals.
The Property is offered on an “as-is, where-is” basis.