Carlos Azucena and Adam Dahdouh of Marcus & Millichap are pleased to announce the exclusive offering of 507 N 3rd Street in San Jose, California. The building has a total of 2,578 square feet of living space and resides on a 6,969 square foot lot in the Japantown neighborhood. The building also consists of 12, guest room units and 4 bathrooms.
Due to a large fire about 5 years ago that damaged most of the property, the building has almost been completely rebuilt. Construction on the property was completed in the summer of 2019. It features a large basement which can be used for storage or laundry, and a workshop at the rear of the property which can be used for covered parking, a game center, business center, or perhaps an additional unit. The building will be delivered vacant giving the buyer a significant amount of flexibility in how they would like to tenant the building with a variety of strategies at their disposal. Among those strategies include, corporate or furnished housing, voucher or veteran housing, student housing, or traditional tenant housing.
The subject property is in close proximity to an abundance of lifestyle amenities such as San Pedro Square and Japantown. Furthermore, Google is working with the city council on plans to develop a massive Downtown San Jose campus that could eventually expand to 8 million square feet. Meanwhile, Adobe announced plans to develop a fourth office tower adjacent to their existing headquarters campus, providing enough room for 4,000 additional employees. In addition, the property benefits from easy access to 87, 101, 880 and 280 connecting commuters throughout the region.
Please call 650-391-1745 or email Adam.dahdouh@marcusmillichap.com for the marketing package.
