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- LoopNet Team
S 4th St. & Reed St
San Jose, CA 95112
620 S. 3rd Street (Vacant Lot) · Land For Sale
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0.12 AC
Investment Highlights
- Could construct multiple ADUs to significantly boost revenue.
- Convert to a variety of amenities for resident use to boost tenant retention while increasing rental rates.
- Excellent owner/user opportunity for long term vehicle storage.
- Acquire for future use as part of a lot assemblage to later develop a high rise residential tower
Property Facts
Description
Listed in conjunction with 620 S 3rd St, San Jose, CA. Properties must be purchased together. This vacant lot can potentially be used for a variety of purposes as a complementary property to the apartments at 620 S 3rd St. There could be potential to construct multiple ADUs, additional amenities, storage, and much more (buyer to verify). Its location is also ideal for a developer who is able to acquire the adjacent lots over time as the property is in the heart of downtown redevelopment corridor. The General Plan designated use is Downtown Commercial, the highest density within city of San Jose, and would allow for a future development that can be anywhere from 3 to 30 stories with a density of up to 800 units per acre.
Property Taxes
| Parcel Number | 472-27-111 | Improvements Assessment | $0 |
| Land Assessment | $102,000 | Total Assessment | $102,000 |
Property Taxes
