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790-798 S 1st St 0.41 Acres of Commercial Land for Lease in San Jose, CA 95113
LOT AVAILABLE
Display Rental Rate as
| Rental Rate |
|
Lot Size | 0.41 AC |
| Lease Term | Negotiable |
| Rental Rate | |
| Lease Term | Negotiable |
| Lot Size | 0.41 AC |
This property at 790-798 S 1st Street, San Jose, CA 95113-2812 presents an exceptional development opportunity for a six-story multifamily or flexible-use building in a prime location. In the interim, the site offers strong income potential, generating an estimated $15,000 to $20,000 per month through short-term rentals until construction begins. This combination of immediate revenue and long-term growth makes it an attractive option for investors and developers seeking value in the San Jose market.
PROPERTY OVERVIEW
This prime 0.41-acre commercial land parcel, located at 790-798 S 1st Street in San Jose, offers an exceptional redevelopment opportunity. The site consists of four parcels and is zoned CP – Commercial, with city-approved rezoning for a five- to six-story mixed-use building, aligning with similar developments in the area. Positioned in an Opportunity Zone, the property provides potential tax advantages for qualified investments. Its strategic location boasts a Walk Score of 91 (Walker’s Paradise) and Bike Score of 92 (Biker’s Paradise), ensuring excellent accessibility. The lot is well-suited for multifamily development, commercial use, or alternative concepts such as EV charging stations, making it a versatile investment for future growth.
PROPERTY FACTS
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790-798 S 1st St