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50 Serra Way
Milpitas, CA 95035
Land For Sale · 0.42 AC

INVESTMENT HIGHLIGHTS

  • Excellent Location
  • Great Long-term value
  • Under proposed up-zone

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Fast Food
  • General Freestanding
  • Restaurant
  • Storefront
Total Lot Size 0.42 AC
Zoning MXD - MU-Medium-High Density Residential

DESCRIPTION

Vacant .46 Ac infill development opportunity in the heart of Midtown Milpitas.  Located in the heart of Midtown just off Hwy 237, this site is zoned for a variety of projects from commercial to medium-density residential or mixed use.  The area is covered under the Midtown Milpitas Specific Plan.  The City is in the midst of revising the plan which will include revisions for up-zoning this parcel and is targeting this area for growth.  Additional nearby parcels with separate ownership may also be available to be assembled. Please contact brokers for details. At the “Crossroads of Silicon Valley”, situated between the two major freeways I-880 and I-680, the City of Milpitas is bounded by East San Jose to the south; North San Jose and the City of Alviso to the west; Fremont to the north; and the Calaveras Reservoir and Sunol Regional Wilderness to the east. It is in the northeast corner of Santa Clara County. A new light rail line opened for service in 2004 and an extension of BART including a major multi-modal station is in the planning stage.  An additional 350 acres are dedicated to regional and community retail centers supporting 3.5 million square feet of commercial shops.  Major employers in Milpitas are Cisco Systems and Lifescan, Inc., with over 2,500 employees each. Other major employers are Seagate Technology and the newly relocated SanDisk. Several of these top employers have made the City of Milpitas their corporate headquarters as well. Milpitas provides a multitude of outstanding  recreational opportunities, including aquatics, cultural arts and theater, sports leagues and activities, youth programming, and senior activities and services.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
083-06-006
Land Assessment
$2,231,036
Improvements Assessment
$0
Total Assessment
$2,231,036
  • Listing ID: 22370021

  • Date on Market: 3/2/2021

  • Last Updated:

  • Address: 50 Serra Way, Milpitas, CA 95035

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