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Investment Highlights
- Positioned within the South Bascom Urban Village, targeted for transit-oriented growth.
- Excellent visibility and traffic along Bascom Avenue with direct access to I-280 and Highway 17.
- Proposed 474-unit mixed-income housing project nearby will expand consumer base.
- CG zoning permits multiple uses including retail and medical services.
- Located near Valley Fair, Santana Row, and San Jose State University.
Executive Summary
This single-story office/retail property at 521 S Bascom Avenue presents a strong investment opportunity in San Jose’s Midtown corridor. Positioned on a 5,400 square foot lot, the building benefits from CG zoning that supports a broad mix of uses including retail, medical, and service-oriented establishments. The site is located within the South Bascom Urban Village plan area, which is poised for growth through enhanced transit infrastructure including VTA sidewalk, crossing, and bike lane improvements. The proposed 474-unit affordable housing development across the street is expected to add significant foot traffic and create persistent demand for neighborhood services.
Located along the well-traveled Bascom Avenue corridor, the property enjoys excellent accessibility to Interstate 280 and Highway 17, two major Silicon Valley arteries. The location is near prominent regional destinations such as Valley Fair, Santana Row, and San Jose State University, ensuring a diverse customer base. With recent interior improvements and an adaptable floor plan, buyers can secure a property that is positioned for long-term appreciation in a supply-constrained urban market.
Located along the well-traveled Bascom Avenue corridor, the property enjoys excellent accessibility to Interstate 280 and Highway 17, two major Silicon Valley arteries. The location is near prominent regional destinations such as Valley Fair, Santana Row, and San Jose State University, ensuring a diverse customer base. With recent interior improvements and an adaptable floor plan, buyers can secure a property that is positioned for long-term appreciation in a supply-constrained urban market.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
1,468 SF
Building Class
C
Year Built
1942
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,468 SF
Building FAR
0.28
Lot Size
0.12 AC
Zoning
C/G - General Commercial, allows Retail, Service, Office Uses. Adult Uses allowed with use permit.
Parking
5 Spaces (3.41 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
Very walkable
80/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 277-30-006 | Improvements Assessment | $143,263 |
| Land Assessment | $774,681 | Total Assessment | $917,944 |
Property Taxes
Parcel Number
277-30-006
Land Assessment
$774,681
Improvements Assessment
$143,263
Total Assessment
$917,944
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