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Listed by Awne Elrabadi • DEAL Real Estate Services
$ 5,999,995
Est. payment | /mo
5,880 SqFt
$ 5,999,995
Est. payment | /mo
5,880 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,880 sqft
Price per Sqft $1,020
MLS Listing ID ML82023672
HOA Y/N No
Year Built 1962
Lot Size 0.580 Acres
Property Sub-Type Other
Source Datashare MLSListings
Property Description
The site is currently entitled for 62 residential units, offering a valuable head start for those ready to move forward. For developers with a different vision, there is also flexibility to adapt or reimagine the plans to better align with specific investment strategies or design goals. This rare -acre rectangle lot presents an exceptional opportunity for a modern, urban medium/high-density multi-family project, surrounded by an established mix of apartments, condominiums, townhomes, and multiplexes. The property is situated adjacent to a large apartment community and near a condominium project under construction, underscoring the inherent demand and proven success in the immediate area. Located in Willow Glen, this development site is within walking distance to the light rail and just minutes from major freeways, ensuring strong connectivity and lifestyle appeal for future residents. With the Bay Areas ongoing housing shortage and consistent demand for residential units, this parcel is uniquely positioned for timely development and long-term success.
Location
State CA
County Santa Clara
Interior
Heating Other
Cooling None
Fireplace No
Exterior
Handicap Access Other
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745