247 E Saint John ST, San Jose, CA 95112
- $2,500,000
Listed by Carlos Padilla, 408-887-6420 from Intero Real Estate Services
(If provided) CoList: from
- List Price
- $2,500,000
- Price Change
- ▼ $300,000 1772081848
- MLS#
- ML82033242
- Status
- ACTIVE
- Lot Size
- 12,289
- Listing Area
- Central San Jose
- Year Built
- 1928
Property Description
Premier opportunity to acquire a 100% fee simple stand-alone mixed-use asset located in the heart of Downtown San Jose. The Property is ideally situated just two blocks from San Jose City Hall, within walking distance of San José State University, approximately five minutes from Diridon Station, and in the epicenter of numerous active and proposed residential and commercial high-rise developments. The building is currently 100% occupied on short-term leases, offering immediate income with near-term flexibility. The ground-floor commercial light industrial unit is leased to an established HVAC business and features multiple private offices, ample open warehouse space, and roll-up doors, making it well-suited for a variety of owner-user or industrial service uses. The second-story residential unit consists of a spacious three-bedroom, one-bathroom apartment leased on a month-to-month basis. This tenancy structure presents a compelling opportunity for an owner-user to occupy all or a portion of the Propertyparticularly the ground floorwhile generating supplemental passive income from the residential unit above. Investors may also benefit from repositioning potential through rental adjustments or future redevelopment, subject to zoning and city approvals.
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Additional Information
- Cooling System
- Multi-Zone
- Energy Features
- Thermostat Controller
- Floor Covering
- Carpet, Concrete, Hardwood, Tile
- Foundation
- Concrete Slab
- Garage Parking
- Parking Area
- Heating System
- Electric, Forced Air
- Lot Size
- 12,289
- Neighborhood
- Central San Jose
- Other Rooms
- Laundry Room, Office Area, Storage
- Other Utilities
- Public Utilities
- Present Use
- Commercial, Residential
- Roof
- Composition
- Sewer
- Sewer - Public
- Zoning
- CG
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