65 N 14th St 4,042 SF Office Building San Jose, CA 95112 $2,600,000 ($643.25/SF)

65 North 14th Street is vacant medical office property located near 14th Street and Santa Clara Street in San Jose. The building totals approximately 4,042 gross square feet and is situated on a 12,500 square foot site. The interior is currently improved with two reception and waiting areas, 16 exam/consultation rooms, four bathrooms, a break room, x-ray room, and records storage room. Additionally, there is a large finished basement with storage space and mechanical equipment rooms that is not included in the gross building area. The property has 14 on-site parking spaces in a secure gated lot, for a parking ratio of 3.46 per 1,000 square feet.
OWNER/USER OR INVESTOR OPPORTUNITY
The subject property has appeal to both owner/users and investors. While currently configured for a single tenant, the building has two exterior entrances, two separate reception/waiting areas, and two utility meters, and can easily be divided into two tenant suites. This provides the opportunity for an owner/user to lease part of the building to create income. The natural division of the building would allow the owner to occupy more than 51% of the building and be eligible for SBA financing. This also gives an investor the flexibility of leasing to a single tenant or dividing the space to accommodate smaller tenants.
PROXIMITY TO MEDICAL PRACTIONERS
65 N. 14th Street is located near a clustering of medical and dental facilities in downtown San Jose. The property is one block from the Valley Health Center Downtown outpatient clinic operated by Santa Clara Valley Healthcare and the non-profit Gardner Downtown Health Center. Additionally, there are several medical office developments in the neighborhood. This is a benefit to general practitioners that provide referrals to specialists, as well as specialists that receive referrals from general medical practices. Additionally, more than 800 new senior and affordable housing units are being built across the street from the site. This will provide a major potential client base for practices that serve the elderly population.
GOOD REGIONAL ACCESS
The property benefits from its proximity to US Highway 101, Interstate 280, and State Highway 87. In addition to being easily accessible from these highways, the building is one block from Santa Clara Street and is near bus stops for Santa Clara VTA service; the 28th Street/Little Portugal BART station will be less than one mile from the site.