410-412 E Santa Clara St 3,072 SF 75% Leased Retail Building San Jose, CA 95113 $1,650,000 ($537.11/SF) 3.83% Cap Rate

410 E Santa Clara St presents a compelling opportunity to acquire a four-unit retail investment property in a prime, high-visibility location just two streets from San Jose State University. Situated along one of downtown San Jose’s busiest corridors, the property benefits from strong daily traffic counts, steady pedestrian flow, and excellent street exposure—making it an ideal setting for both investors and owner-users seeking long-term upside in a dynamic urban environment.
The building consists of four retail units, with one unit to be delivered vacant at closing. This provides immediate owner-user potential, allowing a buyer to establish their business on-site while generating rental income from the three remaining occupied units. All tenants are on month-to-month agreements, offering maximum operational flexibility and the ability to reposition the asset, adjust rents to market, or curate a new tenant mix over time. Each tenant pays their own utilities, helping reduce operating expenses and simplify management.
One of the property’s most significant and differentiating features is the inclusion of a 1,742 square foot vacant parcel directly behind the retail building. Zoned Urban Residential, this additional land offers meaningful intrinsic value and long-term development potential in an increasingly dense urban core. With direct access to the rear doors of the retail units, the parcel enhances functionality for loading, storage, secured access, or parking considerations in the near term. Strategically, the Urban Residential zoning creates future optionality—whether for redevelopment, expansion, or complementary residential use—making this rear parcel not just an accessory, but a major value driver and key selling point of the overall investment opportunity.