San Jose CA Real Estate & Commercial for Sale

Newmark, as an exclusive advisor is proud to present the Twohy Lofts in vibrant Downtown San Jose. The 5-story building consists of 36 Loft Style units and ground floor retail which has recently undergone significant renovations to seismic, mechanical and electrical systems providing old world charm coupled with a modern infrastructure. An investor can acquire this historic, but like-new building at a significant discount to replacement cost. The high-identity classic revival architecture building sits prominently on the Paseo de San Antonio and S. 1st Street. The ground floor features approximately 8,350 sq ft of retail space currently occupied by Scotts Seafood and San Jose Candy Kitchen. Ornate details true to period of its original 1917 construction can be found throughout the building. While the assets financial performance is stable, NOI optimization can be enhanced through a combination of embedded rent increases coupled with unit modernization upon turnover. The property is not subject to San Joses Apartment Rent Ordinance and is on the Mills Act which provides substantial property tax abatement. San Jose State University, with a growing 36,000+ student body and another 3,700 in employees is a mere four blocks away. WalkScore of 96!

11577 Berryessa Rd. is a vacant parcel located in the industrial center of San Jose that is zoned for Heavy Industrial. APN: 241-06-016 totals approximately 11,682 square feet, or 0.27 acres, and is listed for $1,200,000. Prospective buyers will need to confirm the availability of utility services to the site. The zoning for the property is Heavy Industrial (HI). Permitted uses under the zoning designation are industrial uses with nuisance or hazardous characteristics that need to be kept separate due to environmental effects and the general welfare of the public. Limited-scale retail sales and services serving nearby businesses may be considered if they do not restrict the ability of the surrounding heavy industrial properties from being used to their fullest extent and are not dependent on customers from beyond normal walking distances. This lot is being sold alongside the neighboring lot, 1090 Commercial Street (MLS: ML81941640). The lots can be purchased together or separately.

Downtown Retail with great foot and car traffic. Conveniently located near San Jose State University East Campus 1 block behind location. Also located in the middle of Highways 101, 280, and 87 and mass public transportation such as VTA (Valley Transit Authority) bus lines right in front and Caltrain nearby. Close proximity to San Jose International Airport.