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- LoopNet Team
50 Serra Way
Milpitas, CA 95035
Land For Sale
·
0.42 AC
INVESTMENT HIGHLIGHTS
- 0.42 AC Infill Residential Development Opportunity
- Variety of Allowed Uses: 100% Affordable Hosing - Mixed-Use - Office - Retail
- Extremely Strong Demographics with Household Incomes in Excess of $171,494 in a 1-Mile Radius
- General Plan - Milpitas Gateway Main Street Specific Plan
- Directly off W Calaveras Blvd located between S Abel St and S Main St
- Immediate access to Hwy 880 and Hwy 680
PROPERTY FACTS
DESCRIPTION
The property is a 0.42 acre infill residential development opportunity, directly off W Calaveras Blvd located between S Abel St and S Main St in Milpitas. The property is in the Milpitas Gateway – Main Street Specific Plan “MGSP”, formerly known as the Midtown Specific Plan “MSP”. A variety of uses are allowed in this general land use designation, including entertainment, retail, commercial, residential, civic, cultural, office, and high-density mixed use residential in a compact, walkable, and unique centralized setting. The City may consider opportunities to waive commercial requirements in mixed use areas for 100% affordable projects that increase the affordable housing stock within Milpitas for “very low income” and “low income” categories. Extremely strong demographics with household incomes in excess of $171,494 in a 1-mile radius. Immediate access to Highway 880 and 680.
PROPERTY TAXES
| Parcel Number | 083-06-006 | Improvements Assessment | $0 |
| Land Assessment | $2,231,036 | Total Assessment | $2,231,036 |
PROPERTY TAXES
