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80 Race St 2,600 SF Retail Building San Jose, CA 95126 $2,195,000 ($844.23/SF) 6.41% Cap Rate
Investment Highlights
- Heavy Foot Traffic
Executive Summary
Great Opportunity on this Ideal Location Property. Currently Zoned as CP(Commercial Pedestrian) for contractors, landscapers, nurseries, EV charging stations, daycares, towing companies, and any other businesses looking for a yard and proximity to The Alameda and Downtown San Jose Property is occupied by two tenants on a month-month basis (nursery and a single family residential house) paying $10,700/month gross. Property was previously approved to be re-zoned into a 5,950 sf retail structure.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,600 SF
Building Class
C
Year Built
1950
Price
$2,195,000
Price Per SF
$844.23
Cap Rate
6.41%
NOI
$140,638
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.38 AC
Zoning
CP - Commercial Pedestrian
Parking
15 Spaces (5.77 Spaces per 1,000 SF Leased)
Amenities
- Fenced Lot
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Middlebrook Interior Landscape Inc
- Professional, Scientific, and Technical Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Middlebrook Interior Landscape Inc | Professional, Scientific, and Technical Services | - | - | - |
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 261-29-001 | Improvements Assessment | $81,447 |
| Land Assessment | $633,225 | Total Assessment | $714,672 |
Property Taxes
Parcel Number
261-29-001
Land Assessment
$633,225
Improvements Assessment
$81,447
Total Assessment
$714,672
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Contact the Sale Advisor
80 Race St