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535 E Santa Clara St
San Jose, CA 95112
PRICE REDUCTION! FULLY ENTITLED SITE · Land For Sale
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0.44 AC
Investment Highlights
- Redevelopment site located in downtown San Jose with potential for a multi-family or student housing project
- Adjacent to the newly constructed 271-bed Sparta505 student housing development
- Proposed office developments will bring more than 15 million square feet of new office space to downtown San Jose in the coming years
- The site has a land use designation of Urban Village within the East Santa Clara Street Urban Village Plan
- Three blocks from San Jose State University, which has an enrollment of 35,000+ students
- Existing VTA bus service runs along Santa Clara Street and light rail is less than one mile away
Property Facts
Description
The subject property is a vacant restaurant building located at the corner of Santa Clara Street and 12th Street in downtown San Jose. The property was previously occupied by Vung Tau, a well-known Vietnamese restaurant. This is a prime redevelopment site in the East San Jose Urban Village Specific Plan area. The land use designation is Urban Village, which allows for mixed-use developments between 55 and 175 dwelling units per acre. The site is adjacent to Sparta, a new 271-bed student housing project.
Property Taxes
| Parcel Number | 467-16-088 | Improvements Assessment | $1,201,552 |
| Land Assessment | $810,897 | Total Assessment | $2,012,449 |
Property Taxes
Parcel Number
467-16-088
Land Assessment
$810,897
Improvements Assessment
$1,201,552
Total Assessment
$2,012,449
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