1793 Lafayette St - Office/Residential FOR SALE


Santa Clara, CA 95050- Outer Santa Clara
$6,500,000 USD
408-888-7794
1793 Lafayette St, Santa Clara, CA for Sale
$6,500,000 USD
Office/Residential - FOR SALE
1/38
null | Request Cap Rate

1793 Lafayette St
Santa Clara, CA 95050
Outer Santa Clara


HIGHLIGHTS

  • New roof and a 36 kW photovoltaic solar system - Low Utility Cost
  • 22,551 SqFt Office Building Conversion Opportunity to Residential: Live/Work, Apartments, Co-Living, or Condos
  • Up to 24 units

OVERVIEW

1793 Lafayette St, Santa Clara offers a rare opportunity for an owner/user to utilize the space or convert the 22,551 SqFt building into residential: Live/Work, Apartments, Co-Living, or Condos - 27 units or more | $240,740 per unit. Conveniently located less than a 10-minute drive from San Jose Mineta International Airport and Santa Clara Square Marketplace, this space resides within a thriving community with nearby amenities and parks. Recent upgrades to the building include a new roof and a 36 kW photovoltaic solar system, complemented by Silicon Valley Power, which ensures low energy costs. The owner/user tenant can occupy approximately 15,000 sq ft or the entire second floor. Rents and home prices continue to climb, with demand for new townhomes, apartments, and condos evident in an ever-growing Silicon Valley. The property is designated for medium-density residential use in the General Plan, allowing for 20-36 DU/acre. Per Planning department conversations, you can show plans to get the building up to residential code and then convert the building for residential use. Buyers are to verify current zoning/building requirements/restrictions with the City of Santa Clara building department.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$288 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

27 Units

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1936

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

M1, Santa Clara

APN/PARCEL ID

224-29-021

ASK ABOUT THIS PROPERTY

Danielle DavenportDavenport Real Estate GroupMore Info
408-888-7794

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Danielle DavenportDavenport Real Estate GroupMore Info
408-888-7794

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.