33
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$1,500,000
Est. payment /mo
0.35 Acres Lot
Active
7280 Marylinn DR Milpitas, CA 95035
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82005680
HOA Y/N No
Lot Size 0.347 Acres
Property Description
Subject to city planner approval, the lot is good for 5-9 units but conservatively will likely be subdivided into 4-5 mixed-use units due to clearance limitations, with a frontage of 281.42 ft. Buildable area is one story (4435 SF per old building plan in 90'), now w building floor ratio almost 3x, subject to meeting all requirements for setbacks, parking, open space, and building codes. Current R3B zoning allows for a 3-story, 4+ units, with a maximum of 11,330 SF. Single-family homes have sold for $828/SF, and condos for $667-1,000/SF, with sellers leaving lots of profit on the table. The property offers a mixed-use opportunity for potential buyers, with the option to use the 1st floor as a versatile commercial space adaptable to various needs such as medical clinics, retail stores, showrooms, classrooms, restaurants, offices, OEMs/branches/sales offices. The 2nd and 3rd floors are for residential use, offering the potential to create either a large family home or another 3-4 separate condos, at the buyer's preference. The flexible layout of the building presents multiple opportunities, perfect for a foreign hightech supply chain office, 1st floor as office/showrooms and 2nd & 3rd floor residential condos.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R3B
Interior
Fireplace No
Exterior
Fence None
Utilities Available Water Not Available
Building
Water None
Schools
School District Other
Others
Tax ID 02207007
Listed by Jennifer Li Universal Network Group
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